US Economy Shows Signs of Slowdown in Retail and Business Inventories - What Does This Mean for Economic Growth?

One Million Trade - 2024-03-14 14:00:00

The published data on USD Retail Inventories Ex Auto and Business Inventories for January show a slight decrease compared to the previous data and forecast. This could indicate a slowdown in consumer spending and business investment, which may have implications for economic growth in the coming months. Given the overall mixed data on the US economy, with strong indicators such as Nonfarm Payrolls and GDP growth, but weaker indicators like ISM Manufacturing PMI and Chicago PMI, there is uncertainty about the future direction of the US economy.

Currency sentiment: Neutral

Sentiment timeframe: Short term