USA: slight increase in wholesale inventories in December – 02/08/2023 at 16:11

(CercleFinance.com) – Wholesalers’ inventories barely increased in December in the United States, which suggests a trend towards destocking against the backdrop of persistent supply problems.

Inventories rose 0.1% in the last month of 2022 after rising 0.9% for the month of November, data released by the Commerce Department showed on Wednesday.

Economists expected an increase of 0.5%, after the 1% increase initially announced for the month of November.

Car inventories rose 0.6%, while oil inventories rose 0.5%.

At the current rate of sales, it takes 1.36 months for wholesalers to deplete their inventories, as in November.