US wholesale inventories fall 0.4% in January, against estimates
On annual basis, however, wholesale inventories up 15.9%
By Ovunc Kutlu
ISTANBUL (AA) - Wholesale inventories in the US fell 0.4% in January, coming against market estimates of an increase, according to Commerce Department data released on Tuesday.
The figure, which measures the change in the total value of goods held in inventory by wholesalers, stood at $929.7 billion last month.
Wholesale inventories were expected to show an increase of 0.1% in January from the previous month.
The figure for December was unrevised, showing a 0.1% gain.
On an annual basis, wholesale inventories in January are up 15.9% compared to the same month last year.
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