- U.S. business inventories increase 0.7 percent in October
Market news
16 December 2020
U.S. business inventories increase 0.7 percent in October
The Commerce
Department announced on Wednesday that business inventories rose 0.7 percent
m-o-m in October, following a revised 0.8 percent m-o-m advance in September (originally
a 0.7 percent m-o-m gain).
That was in
line with economists’ forecast for a 0.7 percent m-o-m increase.
According to
the report, inventories at wholesalers jumped 1.1 percent m-o-m in October,
while stocks at retailers rose 0.9 percent m-o-m and those at manufacturers edged
up 0.2 percent m-o-m.
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