US February wholesale inventories +2.1% vs +0.8% prior

28/03/2022 | 12:29 GMT

Inventory re-building continues in the US

Prior was +0.8% (revised to +1.1%)
Retail inventories +1.2% vs +1.7% prior

Inventory rebuilding (and overbuilding) still has a long ways to go and will be a tailwind for US/global growth this year and next.

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