GDP Hope Fades As Business Inventory Growth Tumbles Most Since 2011

Wednesday, December 14, 2016
By Paul Martin

by Tyler Durden
Dec 14, 2016

Business Inventories dropped 0.2% MoM in October (worse than expected). The last time we saw a bigger MoM drop was September 2011 and this casts some doubt about the exuberant hopes for Q4 GDP growth. Furniture and motor vehicles inventories dropped notably (probably a good thing given their excesses) but overall retail sales (according to this measure) rose 0.7%.

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