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U.S. Wholesale Inventories Rise in December

M. Ali 10 February, 2021 7:27 pm Market Update

Wholesale inventories in the United States increased by 0.3% last December, compared with their level in November, data showed on Wednesday.

According to the U.S. Department of Commerce’s Census Bureau, the seasonally adjusted wholesale inventories reached $651.5 billion by the end of December 2020.

On an annual basis, inventories declined by 1.6% compared with their level in December 2019.

Meanwhile, wholesale sales rose by 1.2% in December on a monthly basis, reaching $503.8 billion.

The inventories/sales ratio registered 1.29 in December, compared with 1.34 in the same month of the year before.

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