- U.S. business inventories increase 0.6 percent in December
Market news
17 February 2021
U.S. business inventories increase 0.6 percent in December
The Commerce
Department announced on Wednesday that business inventories rose 0.6 percent
m-o-m in December, following an unrevised 0.5 percent m-o-m advance in November.
That exceeded
economists’ forecast for a 0.5 percent m-o-m increase.
According to
the report, stocks at retailers jumped 1.2 percent m-o-m, while inventories at manufacturers
and wholesalers both rose by 0.3 percent m-o-m.
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