US December business inventories +0.4% vs +0.3% expected

December business inventories

  • Prior was +0.4%
  • Sales +0.6% vs +1.4% prior
  • Inventory-to-sales ratio 1.33 vs 1.33 prior

That's a slightly better number than expected and will mean a small upward revision to GDP forecasts for Q4 with an inverse drawdown for Q12018.

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