Great news – Q4 GDP just got another technical boost as advance wholesale inventory rebuilding surged by 1.0% MoM and 2.60% YoY in Dec 2016 (the biggest surge since Oct 2015), to $608.3 billion.
The YoY surge was dominated by a 7.7% spike in motor vehicle inventories but perhaps worryingly December saw auto inventories decline 1.0% MoM.
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