US September wholesale inventories +1.4% vs +1.1% expected

Wholesale sales and inventory data

• Prior was +1.1%
• Wholesale sales +1.1% vs +0.4% expected
• Prior sales -1.1%
• Inventories ex autos vs +0.6% prior

This is a low-tier indicator but I expect inventory building to be a major tailwind for the US economy through 2022. This is a low tier indicator but it's another sign of strong underlying demand.