More data revisions

  • Inventories revised from a revised -0.2% to -0.3% (they started at -0.1%)

  • Sales unrevised at -0.1%

  • Inventory/sales ratio revised to 1.28 vs 1.29 prior

That's a greater drawdown than the first release, which implies that firms aren't pushing the boat out on ordering stock. That's a potential minor negative factor for Q1 GDP.