Home/FX/Newsfeed

US Business Inventories Rise in December

Share Print 0

U.S. business inventories rose in December and sales recorded their biggest increase since 2011, suggesting that inventory investment would again contribute to economic growth in the first quarter amid strengthening domestic demand.

The Commerce Department said on Wednesday business inventories increased 0.4 percent. That followed an upwardly revised 0.8 percent jump in November.

Inventories were previously reported to have advanced 0.7 percent in November.

Inventories are a key component of gross domestic product.

Retail inventories edged up 0.1 percent in December instead of being flat as reported in an advance report published last month.

Retail inventories surged 0.9 percent in November.

via Reuters

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top