US business inventories for December 0.4% versus 0.4% expected
Thursday, 15 February 2024, 15:01
- Prior month -0.1%
- Business inventories for December 0.4% versus 0.4% expected. highest since August 2022
- Business inventories total $2,556.0B vs $2,46.8B last month
- Retail inventories ex auto 0.4% versus -0.6% last month
Sales:
- Adjusted combined value of distributive trade sales and manufacturers' shipments for December: $1,863.6 billion
- Increase from November 2023: 0.4% (±0.2%)
- Year-over-year increase from December 2022: 2.2% (±0.3%)
Inventory/sales ratio:
- The total business inventories/sales ratio based on seasonally adjusted data at the end of December was 1.37. The December 2022 ratio was 1.40.
A rise in the inventories is a boost to fourth-quarter GDP
This article was written by Greg Michalowski at www.forexlive.com.This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.