Good News - Inventories Up Unexpectedly in October

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Economic Update: Good News – Inventories Up Unexpectedly in October

Wholesale Inventories were reported with a gain of +0.3% in October, which was well above the Reuters consensus for a decline of -0.5%.

The September inventory figure was revised upward slightly to -0.8% from -0.9%.

The gain was the first in 13 months and suggests that the economy may be beginning to rebound. The report shows that businesses may finally be starting to rebuild inventories instead of letting stocks fall.

Reuters says that the slower inventory liquidation and restocking will support the economy's recovery in the coming quarters.

 

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