Prior month was revised up to -0.1% from -0.4%
The US wholesale inventories for November showed a increase of 0.9% versus 0.2% estimate. Retail inventories increased by 1% versus -0.4% last month.
- Durable goods inventories increased by 0.9%
- Non-durable goods inventories also increased by 0.9%
- Retail inventories excluding motor vehicle and parts increased by 0.5%
The rise in inventories should be a positive for GDP. While the wider trade deficit should be a negative. The next Atlanta GDPNow estimate won't be until after the New Year on January 3rd.