A report released by the Commerce Department on Wednesday showing business inventories in the U.S. increased by slightly more than expected in the month of October.
The Commerce Department said business inventories climbed by 0.3 percent in October, matching an upwardly revised increase in September. Economists had expected business inventories to rise by 0.2 percent.
The slightly stronger than expected inventories growth partly reflected an increase in retail inventories, which grew by 0.6 percent.
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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.