AI Data Insight
In the third quarter of 2026, the US non-seasonally adjusted retailers' inventory-to-sales ratio fell back to 1.22, a slight decline from 1.23 in the previous quarter, indicating that terminal consumption growth steadily outpaced inventory accumulation. Benefiting from recent retail sales significantly beating market expectations, retail destocking is progressing well, though the market remains closely monitoring the potential backlash of rising high-interest debt on future consumption power.