U.S business inventories up 0.4% m/m

Market news

14 February 2018

U.S business inventories up 0.4% m/m

Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,902.2 billion, up 0.4 percent (±0.1 percent) from November 2017 and were up 3.2 percent (±0.3 percent) from December 2016.

The total business inventories/sales ratio based on seasonally adjusted data at the end of December was 1.33. The December 2016 ratio was 1.37.

U.S.: Crude Oil Inventories, February 1.841 (forecast 2.825)

Fed funds futures imply traders see 23 pct chance Fed raising rates 4 times in 2018, up from 17 pct late tuesday - CME fedwatch

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