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U.S. December wholesale inventories revised slightly higher
Reuters
U.S. December wholesale inventories revised slightly higher
Wed, February 9, 2022, 10:31 AM
WASHINGTON (Reuters) - U.S. wholesale inventories rose slightly more than initially estimated in December, offering hope that supply chain constraints could be easing.
The Commerce Department said on Wednesday that wholesale inventories increased 2.2% in December, instead of 2.1% as estimated last month. Stocks at wholesalers advanced 1.7% in November.
Economists polled by Reuters had expected inventories would be unrevised. Wholesale inventories jumped 18.5% in December from the year-earlier period. ... Inventories are a key part of gross domestic product. The report followed news on Tuesday that goods imports increased to a record high in December.
Strained global supply chains had been making it harder for businesses to replenish depleted inventories. Motor vehicle stocks remain very low because of a global shortage of semiconductors, which is constraining motor vehicle production. ... In December, wholesale motor vehicle inventories accelerated 4.6% after rising 3.4% in November.
{snip}
U.S. December wholesale inventories revised slightly higher
Wed, February 9, 2022, 10:31 AM
WASHINGTON (Reuters) - U.S. wholesale inventories rose slightly more than initially estimated in December, offering hope that supply chain constraints could be easing.
The Commerce Department said on Wednesday that wholesale inventories increased 2.2% in December, instead of 2.1% as estimated last month. Stocks at wholesalers advanced 1.7% in November.
Economists polled by Reuters had expected inventories would be unrevised. Wholesale inventories jumped 18.5% in December from the year-earlier period. ... Inventories are a key part of gross domestic product. The report followed news on Tuesday that goods imports increased to a record high in December.
Strained global supply chains had been making it harder for businesses to replenish depleted inventories. Motor vehicle stocks remain very low because of a global shortage of semiconductors, which is constraining motor vehicle production. ... In December, wholesale motor vehicle inventories accelerated 4.6% after rising 3.4% in November.
{snip}