US January business inventories +0.6% vs +0.6% expected

Author: Adam Button | Category: News

January business and retail inventories

  • Prior was +0.4% (revised to +0.6%)
  • Retail inventories +0.1% vs +0.3% prior

The inventory build should help to counteract sluggish retail sales in GDP estimates. That said, inventory building is temporary and reverses if it's not met with a pickup in demand so it's a short-term positive but a medium-term neutral development.

As for the market reaction...carry on.