US January business inventories +1.1% vs +1.2% expected

  • US business inventories
US business inventories
  • Prior was +2.1% (revised to +2.4%)
  • Retail inventories ex-autos +1.8% vs +3.9% prior
  • Inventories continue to build as companies try to restock and fight through supply chain issues. Inventory rebuilding will be a key tailwind for economic growth for many months to come.

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