Prior month remains unchanged at 0.0%.
The US wholesale inventories for the month of August comes in at -0.1% vs estimate of 0.0%. The prior month remains unchanged and 0.0%. The lower inventory will be a drag on 3rd quarter GDP. However, the lower trade deficit would be more supportive for GDP (all things equal). Yesterday, the Atlanta GDPNow dipped to 2.8% from 2.9%. This was the lowest reading for that 3Q GDP tracker.