Reported 1 day ago
US wholesale inventories dropped 0.2% in November, consistent with initial estimates, primarily due to decreases in long-lasting goods like motor vehicles and computer equipment. The Commerce Department indicated that inventories rose 0.8% year-on-year. With a potential for rebound in upcoming months, higher imports were suggested to counteract fears of increased tariffs. Durable goods inventories fell 0.4%, while sales at wholesalers increased by 0.6% in November.
Source: YAHOO