The US business inventory report for September will likely reflect strong investment in inventories in Q3, according to analysts at Nomura.
Key Quotes
“The Census Bureau’s data suggest manufacturing inventories accumulation accelerated in September. Moreover, wholesale inventories picked up sharply in Q3, driven by buildup of agricultural products as well as autos. Advance data suggest retail inventories likely increased at a modest pace with a slight decline in non-auto components.”
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