US business inventories for January 0.3% vs 0.3% estimate

• Prior month -0.2%
• Business inventories 0.3% vs 0.3% estimate
• Retail inventories ex auto prior month -0.1%
• Retail inventories for January 0.5%
• Sales: $1,896.5B in January (-0.8% MoM, +3.5% YoY).
• Inventories/Sales Ratio: 1.37 (vs. 1.38 in January 2024).

The YoY business inventories rose 5.0% and 3.2% ex auto.

This article was written by Greg Michalowski at www.forexlive.com.