US Nov business inventories +0.4% vs +0.4% expected

November business inventories

  • Prior was -0.1%
  • Sales +1.2% vs +0.8% prior
  • Inventory to sales ratio 1.33 vs 1.34 prior

Solid stuff.

After retail sales Barclays upgraded its Q4 GDP tracker to 3.0% from 2.6%. For the year, growth is nearing 3% as well.

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