U.S. Wholesale Inventories Unchanged in November

Wholesale inventories in the United Stated remained unchanged during November, data showed on Friday.

Data by the U.S. Department of Commerce showed a stability in wholesale inventories, versus an initially estimated reading that showed a decline of 0.1%.

In October, wholesale inventories rose by 1.3%.

Meanwhile, the component of wholesale inventories, which is taken into account when calculating the gross domestic product (GDP), decreased by 0.1% in November.

On an annual level, wholesale inventories fell by 2.1% compared to their level in November 2019.