- Prior was -0.6% (revised to -0.3%)
- Inventories +0.2% vs +0.3% expected
- Prior inventories -0.6%
This is a good number and points to some decent growth still ongoing in the US, note the revision higher as well. Inventories are a slight drag but if sales keep up, they will improve later.
Overall though, this is a low-tier indicator.
This article was written by Adam Button at www.forexlive.com.
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