US December wholesale sales +1.2% vs +0.2% prior

US wholesale report

  • Prior was +0.2%
  • Wholesale inventories +0.3% vs +0.1% expected
  • Prior wholesale inventories +0.1%
  • Stock-to-sales ratio 1.29 vs 1.31 prior

This is a strong reading that's going to filter through to Q1 GDP estimates.

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