FOREX TradingCharts.com

Financial News: U.S. Business Inventories Climb Slightly More Than Expecte

U.S. Business Inventories Climb Slightly More Than Expected In December

02/17/2021 - 10:21:00 (RTTNews)

(RTTNews) - Largely reflecting a jump in retail inventories, the Commerce Department released a report on Wednesday showing U.S. business inventories increased by slightly more than expected in the month of December.

The Commerce Department said business inventories climbed by 0.6 percent in December after rising by 0.5 percent in November. Economists had expected another 0.5 percent increase.

Retail inventories jumped by 1.2 percent during the month, while manufacturing and wholesale inventories both edged up by 0.3 percent.

The report also showed business sales increased by 0.8 percent in December after coming in unchanged in the previous month.

Manufacturing sales spiked by 1.7 percent and wholesale sales surged up by 1.2 percent, more than offsetting a 0.6 percent drop in retail sales.

With inventories and sales both climbing, the total business inventories/sales ratio in December was unchanged from the previous month at 1.32.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Private Capex Climbs 3.0% In Q4 (18 min(s), 26 sec(s) ago)
(RTTNews) - Private capital expenditure was up 3.0 percent on quarter in the fourth quarter of 202 ...Full Story»

South Korea Interest Rate Decision On Tap For Thursday (03 min(s), 26 sec(s) ago)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story»

U.S. New Home Sales Spike Much More Than Expected In January (53 min(s), 26 sec(s) ago)
(RTTNews) - Data released by the Commerce Department on Wednesday showed a much bigger than expect ...Full Story»

Latvia Jobless Rate Falls In Q4 (12 min(s), 26 sec(s) ago)
(RTTNews) - Latvia's unemployment rate decline in the fourth quarter, figures from the Central ...Full Story»

Croatia Consumer Prices Continue To Decline (53 min(s), 26 sec(s) ago)
(RTTNews) - Croatia's consumer prices continued to fall in January, figures from the Croatian ...Full Story»

Austria Manufacturing Sector Growth Fastest In 3 Years (47 min(s), 26 sec(s) ago)
(RTTNews) - Austria's manufacturing sector grew at the fastest pace in three years in February ...Full Story»

Slovenia Output Prices Rise In January (41 min(s), 26 sec(s) ago)
(RTTNews) - Slovenia's output prices rose in January, figures from the Statistical Office of t ...Full Story»

German GDP Growth Exceeds Estimate On Investment, Exports (22 min(s), 26 sec(s) ago)
(RTTNews) - The German economy grew more than initially estimated in the fourth quarter driven by ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Private Capex Climbs 3.0% In Q4

02/24/2021 - 19:45 PM (RTTNews)
(RTTNews) - Private capital expenditure was up 3.0 percent on quarter in the fourth quarter of 202 ...Full Story>>

South Korea Interest Rate Decision On Tap For Thursday

02/24/2021 - 17:30 PM (RTTNews)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story>>

U.S. New Home Sales Spike Much More Than Expected In January

02/24/2021 - 10:20 AM (RTTNews)
(RTTNews) - Data released by the Commerce Department on Wednesday showed a much bigger than expect ...Full Story>>

Latvia Jobless Rate Falls In Q4

02/24/2021 - 06:39 AM (RTTNews)
(RTTNews) - Latvia's unemployment rate decline in the fourth quarter, figures from the Central ...Full Story>>

Croatia Consumer Prices Continue To Decline

02/24/2021 - 06:20 AM (RTTNews)
(RTTNews) - Croatia's consumer prices continued to fall in January, figures from the Croatian ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.