Wholesale inventories and sales rise

Inventories rose 1.9% in October and were revised higher to 2.1% in September

Wholesale sales rose 2.2% in October and an upwardly revised 0.5% in September.

Rising inventories add to the GDP calculation in the short-term but can crimp production in the long-term. It’s a balancing act, maintaining the proper level of inventories so that the economy does not experience a boom/bust cycle…