×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: business | inventories | stocks | wholesalers

Business Inventories Rise More Than Expected in December

Business Inventories Rise More Than Expected in December
(Dollar Photo Club)

Wednesday, 14 February 2018 11:12 AM EST

U.S. business inventories increased a bit more than expected in December, lifted by solid gains in stocks at manufacturers and wholesalers.

The Commerce Department said on Wednesday that business inventories rose 0.4 percent after a similar gain in November.

Economists polled by Reuters had forecast inventories, a key component of gross domestic product, rising 0.3 percent in December. Retail inventories rose 0.2 percent in December as previously reported in an advance report last month. Retail inventories gained 0.2 percent in November.

Motor vehicle inventories fell 0.4 percent as previously reported after decreasing 0.2 percent in November. Retail inventories excluding autos, which go into the calculation of GDP, increased 0.5 percent instead of 0.6 percent as reported last month. They rose 0.4 percent in November.

The government estimated last month that inventory investment subtracted 0.67 percentage point from GDP growth in the fourth quarter. The economy grew at a 2.6 percent annualized growth pace in the final three months of 2017.

Manufacturing inventories increased 0.5 percent in December and stocks at wholesalers rose 0.4 percent.

Business sales increased 0.6 percent in December after jumping 1.4 percent in November. At December’s sales pace, it would take 1.33 months for businesses to clear shelves, unchanged from November.

© 2024 Thomson/Reuters. All rights reserved.


Economy
U.S. business inventories increased a bit more than expected in December, lifted by solid gains in stocks at manufacturers and wholesalers.
business, inventories, stocks, wholesalers
204
2018-12-14
Wednesday, 14 February 2018 11:12 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved