U.S. Business Inventories Rise in December

Business inventories in the United States rose more than expected during December, data showed on Wednesday.

U.S. business inventories increased by 0.6% in December, after rising by 0.5% in November, according to data by the U.S. Department of Commerce.

On an annual basis, business inventories declined by 2.6% in December 2020.

Retail inventories leveled up by 1.2% in December, while motor vehicle inventories increased 1.1%.

Meanwhile, wholesale inventories grew by 0.3%.