Ekonomické zprávy
16.11.2021

U.S. business inventories rise 0.7 percent in September

The Commerce Department reported on Tuesday that the U.S. business inventories went up 0.7 percent m-o-m in September, following an upwardly revised 0.8 percent m-o-m gain in the previous month (from 0.6 percent m-o-m).

This was in line with economists’ forecast for a 0.7 percent m-o-m advance and marked the 14th consecutive monthly increase in business inventories.

The overall advance was due to gains in inventories at wholesalers (+1.4 percent m-o-m) and manufacturers (+0.8 percent m-o-m), which, however, were partially offset by a decline in retailers’ stocks (-0.2 percent m-o-m).

In y-o-y terms, business inventories soared 7.5 percent in September.

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