empty
 
 

2024.03.0614:30:00UTC+00U.S. Wholesale Inventories Dip More Than Expected In January

Wholesale inventories in the U.S. fell by more than expected in the month of January, according to a report released by the Commerce Department on Wednesday.

The report said wholesale inventories dipped by 0.3 percent in January after climbing by 0.4 percent in December. Economists had expected wholesale inventories to edge down by 0.1 percent.

The bigger than expected decrease came as a 1.0 percent slump by inventories of non-durable goods more than offset a 0.2 percent uptick by inventories of durable goods.

Meanwhile, the Commerce Department said wholesale sales tumbled by 1.7 percent in January after rising by 0.3 percent in December.

Sales of non-durable goods plunged by 2.5 percent during the month, while sales of durable goods slid by 0.7 percent.

With sales falling by much more than inventories, the inventories/sales ratio for merchant wholesalers rose to 1.36 in January from 1.34 in December.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback