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As on: Sep 26, 2020 07:24 PM
Economic Buzz: US Business Inventories Slide 0.2% In November
17-Jan-20   08:54 Hrs IST

US business inventories dipped by 0.2 percent in November after inching up by a revised 0.1 percent in October, a report released by the Commerce Department on Thursday showed. The modest decrease in business inventories came as retail inventories slumped by 0.8 percent in November following a 0.1 percent uptick in October. Wholesale inventories also dipped by 0.1 percent in November after creeping up by 0.1 percent in October, while manufacturing inventories rose by 0.3 percent following a 0.2 percent increase.

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