US retail inventories in December rise higher than expectation

US retail inventories in December rise higher than expectation

Figure rises 0.5% last month, more than estimate of 0.2% gain

By Ovunc Kutlu

ISTANBUL (AA) – Retail inventories in the US rose higher than market expectation in December, official data revealed on Thursday.

The figure, which measures the change in the total value of goods held in inventory by the nation's retailers, rose 0.5% to $742.2 billion last month.

The expectation for the figure was to show a 0.2% monthly increase.

Retail inventories in November was revised down from a monthly gain of 0.1% to virtually unchanged, the Commerce Department’s Census Bureau said in a statement.

On an annual basis, retail inventories in December soared 13.9% from the same month of 2021.

Kaynak:Source of News

This news has been read 117 times in total

ADD A COMMENT to TO THE NEWS
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
Previous and Next News