Retail invenories 0.4% vs 0.1% last
- The US wholesale inventories for July (preliminary) rose by a greater than expected 0.7% vs the estimate of 0.2%.
- The retail inventories moved up 0.4% vs 0.0% last. The ex auto inventories rose by 0.1% vs 0.0%
- YoY wholesale inventories are up 5.2%
Higher than expected inventories can help to boost GDP.
