A report released by the Commerce Department on Wednesday showed business inventories in the U.S. increased by more than expected in the month of October.
The Commerce Department said business inventories climbed by 0.7 percent in October after rising by an upwardly revised 0.8 percent in September.
Economists had expected inventories to rise by 0.4 percent compared to the 0.7 percent increase originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.