The Commerce Department announced on Tuesday its final estimates unveiled
that the U.S. wholesale inventories fell 0.4 percent m-o-m in January 2023, matching the preliminary
estimates. This was
the largest monthly gain on record. That marked the first decrease in inventories
since July 2020 (-0.1 percent m-o-m).
Economists had predicted the reading to remain unrevised at -0.4 percent
In December 2022, wholesale inventories edged up 0.1 percent m-o-m.
According to the report, durable goods inventories slipped 0.1 percent
m-o-m in January, while stocks of nondurable goods dropped 0.9 percent m-o-m.
In y-o-y terms, wholesale inventories surged 15.8 percent in January.