US business inventories for November +0.4% versus 0.4% estimate

• Prior month 0.3% revised to +0.2%
• Business inventories +0.4% versus 0.4% estimate
• Retail inventories ex auto -0.3% versus -0.7% per.
• Sales-0.8% from October 2022 but were up 7.4% from November 2021
• inventory to sales ratio came in at 1.35. That compares to 1.26 from a year ago

CLICK HERE for the full report.

Looking at the chart of the inventory to sales ratio, it has moved back within the range pre-and post the pandemic range, and the other supply constraints as result of the Ukraine war. Slower sales and a rebuilding of inventories are combining to ease the pressure in that sector. That should also be helpful from a inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term standpoint going forward.