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    Home ยป US Wholesale Inventories Unexpectedly Jumped 1.4% in November
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    US Wholesale Inventories Unexpectedly Jumped 1.4% in November

    January 10, 20221 Min Read
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    November wholesale inventories rose by 1.4% to $771.1 B, surpassing a consensus estimate of an increase of 1.2%.

    • Sales of merchant wholesalers after adjusting for seasonal variations and trading day differences but not price adjustments increased by 1.3% to $630.8 billion from the October revised figure.
    • November sales were 23.3% higher than the revised level reported in the same period last year.
    • Total inventories for US wholesalers, after adjusting seasonal variations and day differences, but not for price adjustments rose by 1.4% to $771.1 billion.
    • Total inventories increased by 15.9% from the revised November 2020 level. The October inventories were revised upwards to 1.4% from initially reported 1.2%.

    November inventories/sales ratio for merchant wholesalers was 1.22, unchanged from the ratio reported in October and down from 1.30% a year ago.

    DXY up +0.36%, EUR USD down -0.45%Source: U.S. Department of Commerce

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