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Tuesday, May 17, 2022

November Wholesale Inventories Up 1.1 Percent

Inventories at U.S. wholesalers climbed 1.1 percent in November, after October’s 1.1 percent gain, as stocks increased across a variety of categories, a government report showed on Monday.


A 0.7 percent increase in sales kept the inventory-to-sales ratio a measure of how long it would take to deplete inventories at the current sales pace at 1.15 months’ worth, the Commerce Department said.


The rise in inventories reflected a 1.3 percent gain in stocks of durable goods and a 0.9 gain in shorter-lived items.


Automobile inventories, which had dropped 1.6 percent in October, climbed 0.5 percent as sales dropped 2.3 percent, metal stocks gained 3.9 percent and computer inventories jumped 4 percent.


*For more on this story,

read the full U.S. Department of Commerce report

.

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