FOREX TradingCharts.com

Financial News: U.S. Wholesale Inventories Slump More Than Expected In

U.S. Wholesale Inventories Slump More Than Expected In February

04/09/2020 - 10:43:00 (RTTNews)

(RTTNews) - Reflecting decreases in inventories of both durable and non-durable goods, the Commerce Department released a report on Thursday showing a bigger than expected decrease in U.S. wholesale inventories in the month of February.

The Commerce Department said wholesale inventories slid by 0.7 percent in February after falling by a revised 0.6 percent in January.

Economists had expected wholesale inventories to decrease by 0.5 percent compared to the 0.4 percent drop originally reported for the previous month.

The bigger than expected decline in wholesale inventories came as inventories of durable goods slumped by 0.8 percent and inventories of non-durable goods fell by 0.4 percent.

The report also said wholesale sales tumbled by 0.8 percent in February following a 1.3 percent jump in the previous month.

While sales of durable goods inched up by 0.1 percent, the uptick was more than offset by a 1.6 percent nosedive in sales of non-durable goods.

With inventories and sales both falling, the inventories/sales ratio for merchant wholesalers in February was unchanged from the previous month at 1.31.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


India Economic Growth Slows Sharply On Covid-19 (04 hr(s), 24 min(s), 08 sec(s) ago)
(RTTNews) - India's economic growth slowed sharply in the three months to March, partially ref ...Full Story»

U.S. Consumer Sentiment Improves Slightly Less Than Initially Estimated (05 hr(s), 46 min(s), 08 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Chicago Business Barometer Unexpectedly Indicates Faster Contraction In May (06 hr(s), 13 min(s), 08 sec(s) ago)
(RTTNews) - Chicago-area business activity unexpectedly contracted at a faster rate in the month o ...Full Story»

U.S. Personal Income Unexpectedly Spikes Due To Stimulus Checks (06 hr(s), 48 min(s), 08 sec(s) ago)
(RTTNews) - Reflecting the distribution of stimulus checks by the federal government, the Commerce ...Full Story»

Italy Q1 GDP Declines More Than Estimated; Falls Most On Record (07 hr(s), 17 min(s), 08 sec(s) ago)
(RTTNews) - Italy's economy shrank at a faster than initially estimated pace in the first quar ...Full Story»

Brazil Economy Shrinks In Q1 On Covid-19 Impact (07 hr(s), 18 min(s), 08 sec(s) ago)
(RTTNews) - Brazil's economy shrunk in the first quarter of 2020 due to the impact of the coro ...Full Story»

Greece Producer Prices Fall Sharply In April (07 hr(s), 41 min(s), 08 sec(s) ago)
(RTTNews) - Greece producer prices declined at a faster pace in April, the Hellenic Statistical Au ...Full Story»

Italy Consumer Prices Fall In May (07 hr(s), 42 min(s), 08 sec(s) ago)
(RTTNews) - Italy's consumer prices in fell in May, after stagnating in the previous month, da ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

India Economic Growth Slows Sharply On Covid-19

05/29/2020 - 12:13 PM (RTTNews)
(RTTNews) - India's economic growth slowed sharply in the three months to March, partially ref ...Full Story>>

U.S. Consumer Sentiment Improves Slightly Less Than Initially Estimated

05/29/2020 - 10:51 AM (RTTNews)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story>>

Chicago Business Barometer Unexpectedly Indicates Faster Contraction In May

05/29/2020 - 10:24 AM (RTTNews)
(RTTNews) - Chicago-area business activity unexpectedly contracted at a faster rate in the month o ...Full Story>>

U.S. Personal Income Unexpectedly Spikes Due To Stimulus Checks

05/29/2020 - 09:49 AM (RTTNews)
(RTTNews) - Reflecting the distribution of stimulus checks by the federal government, the Commerce ...Full Story>>

Italy Q1 GDP Declines More Than Estimated; Falls Most On Record

05/29/2020 - 09:20 AM (RTTNews)
(RTTNews) - Italy's economy shrank at a faster than initially estimated pace in the first quar ...Full Story>>
Copyright © 2020. 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.