February Wholesale Inventories in US Exceed Forecasts

Friday, 29 March 2024, 12:36

The latest US wholesale inventories report for February showed a growth of 0.5%, surpassing the previous forecast of -0.3%. The retail inventories excluding autos also saw a positive increase of 0.4% compared to the earlier prediction of 0.3%. While considered a lower-tier indicator, the data has implications on the GDP, signaling a potentially stronger Q1 performance.

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US Wholesale Inventories Report

Prior was -0.3% (revised to -0.2%)

Retail inventories ex autos +0.4% vs +0.3% prior

This is a lower-tier indicator but it feeds into GDP and the read-through is for a hotter Q1.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

US Wholesale Inventories Report

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