US business inventories remained unchanged in January, while economists predicted a 0.2% rise.
US business inventories remained unchanged in January, according to the Commerce Department's Census Bureau. Economists had predicted a 0.2% rise, but the increase in retail stocks was offset by declines at manufacturers and wholesalers. Business sales fell 1.3% in January, with the inventory-to-sales ratio rising to 1.39 from 1.38 in December. Year-on-year, inventories increased 0.4%.
March 14, 2024
11 Articles