US Nov business inventories +0.4% vs +0.4% expected
November business inventories
- Prior was -0.1%
- Sales +1.2% vs +0.8% prior
- Inventory to sales ratio 1.33 vs 1.34 prior
After retail sales Barclays upgraded its Q4 GDP tracker to 3.0% from 2.6%. For the year, growth is nearing 3% as well.