US Business Inventories rises to 1% in Jan from 0.3% in Dec

Mar 13, 2013

American equity markets open negatively despite upbeat Retail sales

The US Stock market experienced a slightly negative opening Wednesday as investors digest upbeat economic data. In the United States, Retail Sales (MoM) reported a jump of +1.1% in February, against expectations of only +0.5%. In addition, Retail Sales ex-autos (MoM) climbed +1.0% in the month of February, against a consensus of only +0.5%.

US: Business Inventories rise 1.0% in January, beating 0.4% consensus

Business inventories rose 1.0% in January, surprising investors on the upside as market consensus was of 0.4%. December data was revised higher, from 0.1% to 0.3%.