US January business inventories +1.1% vs +1.2% expectedPrior was +2.1% (revised to +2.4%)
Retail inventories ex-autos +1.8% vs +3.9% prior
Inventories continue to build as companies try to restock and fight through supply chain issues. Inventory rebuilding will be a key tailwind for economic growth for many months to come.
Source: US January business inventories +1.1% vs +1.2% expected (https://www.forexlive.com/news/us-january-business-inventories-11-vs-12-expected-20220316/)
forexlive.com