US March wholesale inventories +0.1% vs +0.2% expected

  • US March wholesale and retail inventory data
  • Prior was +0.1%
  • Retail inventories +0.4% vs +0.1%
  • Prior retail inventories +0.3% (revised to +0.1%)

These numbers are an important input into GDP and point to a slight upward bias in tomorrow's report, though that's likely counteracted by today's soft core durable goods orders number.

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