Wholesale Inventories Down 0.4%, Retail Down 0.1%

Wholesale and retail inventories both declined in October according to the Census Bureau Advance Indicators report.

Census Bureau Advance Inventory Numbers

Chart excerpted from the Census Bureau Advance Indicators report.

The inventory numbers are likely to reduce fourth-quarter GDP estimates slightly.

Mike "Mish" Shedlock

All the October data is distorted by the hurricanes. That's why everything is a surprise.

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