US wholesale inventories for March
US wholesale inventories for March came in at 0.0% versus 0.2% expected.
- Retail inventories -0.3% versus +0.1% estimate
- Wholesale inventories are revised from 0.2% to 0.1%
- Retail inventories are revised from 0.3% to 0.2%
Inventories added to 1Q GDP. The reading today may lower estimates for 1Q GDP (they tend to plug a number for numbers not released).
