US wholesale inventories for September 2022
- Wholesale inventories for September 0.8% vs. 1.0% estimate.
- Prior month 1.4% revised from 1.3% previously reported
- retail inventories ex auto -0.1% vs. +0.7% last month (revised from +0.6%).
Inventories feeds into the GDP data. Higher inventories tend to increase GDP (all things being equal). Inventories continue to rise but are nearer the lows going back to 2021.
