Open Demo Account
Home / Market Update / US Wholesale Inventories Rise in October

US Wholesale Inventories Rise in October

M. Ali 9 December, 2020 10:28 pm Market Update

Wholesale inventories in the United States rose in October, according to data by the Department of Commerce release on Wednesday.

Wholesale inventories rose by 1.1% in October, instead of an initially estimated 0.9%.

On an annual basis, inventories decline by 2.2% in October 2020, compared with the same month of 2019.

The contribution of wholesale inventories to the gross domestic product (GDP) increased by 1.3% in October.

Tags

Check Also

Britain’s Economy Contracts in September, Growth Slows in Third Quarter

Britain’s economy experienced an unexpected contraction in September, with growth nearly stagnating over the third …

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