FOREX TradingCharts.com

Financial News: U.S. Wholesale Inventories Rise 0.3% In November, Wholesal

U.S. Wholesale Inventories Rise 0.3% In November, Wholesale Sales Drop 0.6%

02/01/2019 - 11:29:00 (RTTNews)

(RTTNews) - With an increase in inventories of durable goods partly offset by a drop in inventories of non-durable goods, the Commerce Department released a report on Friday showing wholesale inventories in the U.S. rose by less than expected in the month of November.

The Commerce Department said wholesale inventories edged up by 0.3 percent in November after climbing by an upwardly revised 0.9 percent in October.

Economists had expected inventories to increase by 0.5 percent compared to the 0.8 percent advance originally reported for the previous month.

The report said inventories of durable goods climbed by 0.7 percent in November after jumping by 1.7 percent in October, reflecting notable increases in inventories of furniture, professional equipment, and lumber.

On the other hand, inventories of non-durable goods fell by 0.5 percent in November following a 0.4 drop in October amid a substantial decrease in inventories of petroleum.

The Commerce Department also said wholesale slid by 0.6 percent in November, matching the slump seen in the previous month.

Sales of non-durable goods tumbled by 1.0 percent in November after falling by 0.6 percent in October, with sales of petroleum leading the way lower

The report said sales of durable goods also edged down by 0.1 percent in November following a 0.5 percent drop in October, reflecting sharp declines in sales of furniture, metals, and machinery.

With inventories rising and sales falling, the inventories/sales ratio for merchant wholesalers ticked up to 1.29 in November from 1.28 in October.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Belgium Business Confidence Continues To Deteriorate (22 min(s), 22 sec(s) ago)
(RTTNews) - Belgium's business confidence weakened further in February, amid further deteriora ...Full Story»

German Business Confidence Weakens For Sixth Month (22 min(s), 38 sec(s) ago)
(RTTNews) - Germany's business confidence fell for a sixth straight month in February to its l ...Full Story»

Croatia Inflation Slows For Third Month (01 hr(s), 02 min(s), 38 sec(s) ago)
(RTTNews) - Croatia's consumer price inflation slowed for a third straight month in January to ...Full Story»

Hong Kong Inflation At 5-month Low (01 hr(s), 11 min(s), 38 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation eased marginally in January to a five-month l ...Full Story»

Slovakia HICP Inflation At 3-month High (01 hr(s), 53 min(s), 38 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation accelerated in January to its highest level in ...Full Story»

Austria Inflation Lowest Since Dec. 2016 (02 hr(s), 08 min(s), 38 sec(s) ago)
(RTTNews) - Austria consumer price inflation eased marginally in January to its lowest level in ov ...Full Story»

Malaysia Consumer Prices Fall In January (03 hr(s), 09 min(s), 38 sec(s) ago)
(RTTNews) - Malaysia's consumer prices fell in January, led by a sharp decline in transport co ...Full Story»

Eurozone Inflation Slows For Third Month; Flash Confirmed (03 hr(s), 27 min(s), 38 sec(s) ago)
(RTTNews) - Eurozone's inflation eased for a third straight month in January to its lowest lev ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Belgium Business Confidence Continues To Deteriorate

02/22/2019 - 09:30 AM (RTTNews)
(RTTNews) - Belgium's business confidence weakened further in February, amid further deteriora ...Full Story>>

German Business Confidence Weakens For Sixth Month

02/22/2019 - 08:45 AM (RTTNews)
(RTTNews) - Germany's business confidence fell for a sixth straight month in February to its l ...Full Story>>

Croatia Inflation Slows For Third Month

02/22/2019 - 08:05 AM (RTTNews)
(RTTNews) - Croatia's consumer price inflation slowed for a third straight month in January to ...Full Story>>

Hong Kong Inflation At 5-month Low

02/22/2019 - 07:56 AM (RTTNews)
(RTTNews) - Hong Kong's consumer price inflation eased marginally in January to a five-month l ...Full Story>>

Slovakia HICP Inflation At 3-month High

02/22/2019 - 07:14 AM (RTTNews)
(RTTNews) - Slovakia's EU measure of inflation accelerated in January to its highest level in ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.