Largely reflecting a jump in retail inventories, the Commerce Department released a report on Wednesday showing U.S. business inventories increased by slightly more than expected in the month of December.
The Commerce Department said business inventories climbed by 0.6 percent in December after rising by 0.5 percent in November. Economists had expected another 0.5 percent increase.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com