Rush Limbaugh
Weekdays, Noon - 3pm

Text Us: #30930
Phone: (800) 616 WBEN
Business: (716) 843-0600
| More
Jan 10, 10:03 AM EST

US wholesale inventories up 1 percent in November

WASHINGTON (AP) -- U.S. wholesale businesses boosted their stockpiles in November by the largest amount in two years, while sales increased at a slower pace.

The Commerce Department says inventories held by wholesalers rose 1 percent in November after having fallen 0.1 percent in October. It was the biggest one-month gain since November 2014.

Sales at the wholesale level rose 0.4 percent in November after a 1.1 percent surge in October, the best in four months.

For much of the past year, businesses at all levels have been struggling to work down a pile of excess inventories, an effort that has been a drag on overall economic growth. However, economists believe that process is drawing to an end and inventory rebuilding will contribute to stronger growth in the future.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

How long do you think the Corasanti jury will deliberate before reaching verdicts?
  A day or two.
  Several days.
View Results

Get it Now

WBEN iPhone App



Photo Galleries

RSS Center