Inventory data for January

  • Prior was +1.0% (revised to +0.9%)
  • Retail inventories +0.8% vs 0.0% prior
  • Durable goods inventories +0.7%
  • Nondurable goods inventories +1.4%
  • Ex petro +0.6%
  • Sales +2.6%

Inventories are running a bit lean and that could later lend a boost to growth.