U.S. wholesale inventories for December, seasonally adjusted, ended the month at a level of $897.7 billion, up 0.4% from November and down 2.7% year-over-year. That’s according to the U.S. Census Bureau’s Monthly Advance Economic Indicators Report, released Jan. 25.
The report noted that November’s monthly wholesale inventories estimate was revised lower, from down 0.2% to down 0.4%.
Advance retail inventories for December were up 0.8% from November and up 5.3% year-over-year. Meanwhile, the international trade deficit was $88.5 billion in December, down 0.1%/$0.9 billion from November.
The international trade goods report showed that exports of industrial supplies (including petroleum and petroleum products) totaled $62.4 billion, up 4.9% from November and down 2.6% year-over-year. December’s figure was a rebound from November’s 5.8% decline.
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