Open Demo Account
Home / Market Update / U.S. Wholesale Inventories Rise in December

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.

Tags

Check Also

Euro’s Surge: Can it Change the Global Game?

While the US labor market shows signs of softening, the Eurozone is telling a different …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends