Notizie economiche
14.03.2024

U.S. business inventories unexpectedly hold steady in January

The Commerce Department announced on Thursday that the U.S. business inventories remained unchanged m-o-m in January 2024, following a downwardly revised 0.3 per cent m-o-m climb (from +0.4 per cent m-o-m) in December 2023. That was worse than economists’ forecast of a 0.2 per cent m-o-m advance.

According to the report, stocks at retailers increased 0.4 per cent m-o-m in January while inventories at merchant wholesalers fell 0.3 per cent m-o-m, and those at manufacturers slipped 0.1 per cent m-o-m.

In y-o-y terms, business inventories moved up 0.4 per cent in January.

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