- Prior was 0.0%
- Retail inventories +0.5% vs +0.6+ prior
These numbers will go into the GDP report to be released at month end. Notably, US inventories are still well-above the pre-pandemic trend. Some of that might be companies aiming not to get hurt by supply chain crunches again and some of it is inflation but they still look frothy, which will hurt in a downturn.
