US Dec wholesale sales 0.0% vs -0.3% expected | Forexlive

• Prior was -0.6% (revised to -1.4%)
• Inventories +0.1% vs +0.1% prior
• Prior inventories +0.9% (no revisions)

Sales look better on the surface but the big revision to the prior lowers the bar and shows it’s a disappointment. That should lead to a downgrade of Q4 GDP but it doesn’t offer much insight into the economy going forward.