The Commerce
Department reported on Wednesday its final estimates showed that the U.S.
wholesale inventories decreased 0.2 per cent m-o-m in November, matching the preliminary estimate. This
marked the second straight monthly drop in wholesale
inventories.
Economists had anticipated
the reading to stay unrevised at -0.2 per cent m-o-m.
In October,
wholesale inventories declined 0.3 per
cent m-o-m (revised from -0.4 per cent m-o-m).
According to
the report, stocks of nondurable goods fell 0.5 per cent m-o-m in November,
while durable goods inventories were flat m-o-m.
In y-o-y terms,
wholesale inventories declined 3.0 per cent in November.