US wholesale inventories revised downward to a 0.3% decrease in January, with non-durable goods inventories decreasing 1.0%.
Wholesale inventories in the US revised downward to a 0.3% decrease in January, exceeding the expected 0.1% decline. This follows a 0.4% increase in December. The decline in inventories, which could negatively impact economic growth estimates for the first quarter, was driven by a 1.0% decrease in non-durable goods inventories, outweighing a 0.2% increase in durable goods inventories. Wholesale sales also fell by 1.7% in January, following a 0.3% increase in December.
March 06, 2024
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