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US October business inventories leave Q4 GDP tracking unchanged at 1.9%

US Business Inventories were steady in October(mom) at 0.1%, slightly below what market has anticipated.

The retail inventories excluding motor vehicles, climbed 0.4% mom, which is the only new section of data with implications for GDP.

The nominal retail inventories of autos and parts dropped 0.4% mom in the month of October after a 1.3% rise in September. 

"On net, the report was close to our expectations and left our GDP tracking estimates unchanged at 2.0% for Q3 and 1.9% for Q4", says Barclays in a research note.

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