US July business inventories +0.8% vs +0.3% expected


  • Prior was 0.0%
  • Retail inventories vs -0.5% prior

This is a low-tier indicator but it’s an important one for GDP and this biases Q3 to the upside. Expect to see GDP trackers climb after this number and the earlier retail sales report.

This article was written by Adam Button at investinglive.com.



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