U.S. Wholesale Inventories Up 1 Percent in November
U.S. wholesale businesses boosted their stockpiles in November by the largest amount in two years, while sales increased at a slower pace.
The Commerce Department says inventories held by wholesalers rose 1 percent in November after having fallen 0.1 percent in October. It was the biggest one-month gain since November 2014.
Sales at the wholesale level rose 0.4 percent in November after a 1.1 percent surge in October, the best in four months.
For much of the past year, businesses at all levels have been struggling to work down a pile of excess inventories, an effort that has been a drag on overall economic growth. However, economists believe that process is drawing to an end and inventory rebuilding will contribute to stronger growth in the future.
To Read The Full Story
Are you already a subscriber?
Click "Sign In" to log in!
Become a Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Become a Print + Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Renew Print + Web Subscription
Click “Renew Subscription” below to begin the process of renewing your subscription.