Ekonomické zprávy

U.S. wholesale inventories decrease as initially estimated in January

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 m-o-m.

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.

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