By Amara Omeokwe
WASHINGTON–U.S. wholesalers reduced inventories in November, the Commerce Department reported Friday.
Here are takeways from the report:
-Wholesale inventories fell a seasonally adjusted 0.1% in November from October. Economists surveyed by The Wall Street Journal had expected no change over the month.
-Inventories increased in October by 0.1%, unchanged from the previous estimate.
-Sales in November rose 1.5% from a month earlier.
-The inventory-to-sales ratio, or how fast supplies would be exhausted at the month’s sales pace, was 1.35 in November, down slightly from 1.37 in October.
The Commerce Department data are available online at: http://www2.census.gov/wholesale/pdf/mwts/currentwhl.pdf.
(END) Dow Jones Newswires
January 10, 2020 10:15 ET (15:15 GMT)
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