U.S. Business Inventories Unexpectedly Edge Slightly Lower In January

Business inventories unexpectedly edged slightly lower in January, according to the Commerce Department. The release did not specify a magnitude; the modest drawdown may reflect softer demand or deliberate stock reductions and is unlikely to materially alter GDP or inflation outlooks without corroborating data.

Analysis

Business inventories unexpectedly edged slightly lower in January, according to the Commerce Department. The release did not specify a magnitude; the modest drawdown may reflect softer demand or deliberate stock reductions and is unlikely to materially alter GDP or inflation outlooks without corroborating data.