Inventory and sales data from US wholesalers
– Prior sales +1.4% (revised to +1.1%)
– Final revision to inventories +1.0 vs +0.9% expected
– Wholesale inventories originally reported at +0.9% m/m
The higher inventories should bump up Q4 GDP estimates fractionally (they have been rising already). However, the lower sales will crimp Q1 2017.
