Financial News: U.S. Wholesale Inventories Rise In Line With Estimates

U.S. Wholesale Inventories Rise In Line With Estimates In October

12/09/2024 - 10:21:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Monday showed a modest rebound by wholesale inventories in the U.S. in the month of October.

The Commerce Department said wholesale inventories rose by 0.2 percent in October after slipping by 0.2 percent in September. The uptick matched economist estimates.

The modest increase by wholesale inventories came as inventories of durable goods crept up by 0.1 percent and inventories of non-durable goods climbed by 0.3 percent.

Meanwhile, the report said wholesale sales edged down by 0.1 percent in October after rising by 0.5 percent in September.

While sales of durable goods were unchanged compared to the previous month, sales of non-durable goods fell by 0.3 percent.

Even with inventories rising and sales slipping, the inventories/sales ratio for merchant wholesalers for October was unchanged from September at 1.34.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Consumer Confidence Improves In January (01 hr(s), 42 min(s), 33 sec(s) ago)
(RTTNews) - Euro area consumer confidence grew for the first time in three months in January, but ...Full Story»

U.S. Weekly Jobless Claims Extend Rebound (02 hr(s), 48 min(s), 33 sec(s) ago)
(RTTNews) - After reporting a rebound by first-time claims for U.S. unemployment benefits in the p ...Full Story»

U.S. Weekly Jobless Claims Inch Up More Than Expected (03 hr(s), 41 min(s), 33 sec(s) ago)
(RTTNews) - After reporting a rebound by first-time claims for U.S. unemployment benefits in the p ...Full Story»

UK Manufacturers Expect Output To Fall Further: CBI (04 hr(s), 34 min(s), 33 sec(s) ago)
(RTTNews) - UK manufacturers expect output to decline further in the coming three months, the late ...Full Story»

South Africa Wholesale Sales Plunge 7.3% (05 hr(s), 0 min(s),33 sec(s) ago)
(RTTNews) - South Africa's wholesale trade declined sharply in November after a strong rebound ...Full Story»

Turkey Central Bank Slashes Rate For Second Straight Time (05 hr(s), 22 min(s), 33 sec(s) ago)
(RTTNews) - Turkey's central bank slashed its benchmark rate by 250 basis points for the secon ...Full Story»

Belgium Consumer Confidence Weakens Further (05 hr(s), 22 min(s), 33 sec(s) ago)
(RTTNews) - Belgian consumers continued to express more pessimistic attitudes at the start of the ...Full Story»

Hungary Wage Growth Eases In November (05 hr(s), 53 min(s), 33 sec(s) ago)
(RTTNews) - Hungary's average gross earnings growth moderated in November after accelerating i ...Full Story»