- U.S. wholesale inventories increase in line with forecasts in January
Market news
8 March 2021
U.S. wholesale inventories increase in line with forecasts in January
The Commerce
Department announced on Monday the U.S. wholesale inventories went up 1.3
percent m-o-m in January 2021, matching the preliminary estimates.
This was the highest monthly gain since October 2020.
Economists had
forecast the reading to stay unrevised at +1.3 percent m-o-m.
In December 2020,
wholesale inventories rose 0.6 percent m-o-m (revised from 0.5 percent).
According to
the report, durable goods inventories surged 1.2 percent m-o-m in January,
while stocks of nondurable goods climbed 1.5 percent m-o-m.
In y-o-y terms,
wholesale inventories increased 0.6 percent in January.
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