- Prior was +2.3% (revised to +2.5%)
- Retail inventories ex-autos +1.3%
- Prior retail inventories ex-autos +0.5% (revised to +0.7%)
These numbers are a good sign for Q4 GDP. I expect consistent inventory building throughout 2022 and into 2023 as the global supply chain recovers and companies opt to run with larger inventories.