empty
 
 

2017.01.1010:37:00UTC+00U.S. Wholesale Inventories Climb Slightly More Than Expected In November

Wholesale inventories in the U.S. increased by slightly more than anticipated in the month of November, according to a report released by the Commerce Department on Tuesday.

The report said wholesale inventories surged up by 1.0 percent in November after edging down by a revised 0.1 percent in October.

Economists had expected inventories to climb by 0.9 percent compared to the 0.4 percent drop originally reported for the previous month.

Inventories of durable goods jumped by 1.0 percent in November after inching up by 0.1 percent in October, while inventories of non-durable goods rebounded by 1.0 percent after falling by 0.4 percent.

The Commerce Department also said wholesale sales rose by 0.4 percent in November following a 1.1 percent spike in October.

Sales of both durable and non-durable goods increased by 0.4 percent in November after climbing by 0.8 percent and 1.3 percent, respectively in the previous month.

With inventories rising more than sales, the inventories/sales ratio for merchant wholesalers ticked up to 1.32 in November from 1.31 in October.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback