U.S. Wholesale Inventories Grew 0.8% in November
U.S. wholesalers restocked at a faster pace in November.
Wholesale inventories grew a seasonally adjusted 0.8% in November from the prior month, the Commerce Department said Wednesday. The rise comes after inventories dropped 0.4% in October. Economists surveyed by The Wall Street Journal had expected a 0.7% increase in November.
Sales in November were up 1.5% from a month earlier. The ratio of inventories to sales fell to 1.24 in November from 1.31 a year earlier.
The Commerce Department data are available online at: http://www2.census.gov/wholesale/pdf/mwts/currentwhl.pdf.
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(END) Dow Jones Newswires
January 10, 2018 10:15 ET (15:15 GMT)