US wholesale inventories and sales posted growth in November, albeit at a slower pace than seen in the previous month.
Source: US Census Bureau
Wholesale inventories stood at $771.1 billion in November, up 1.4% from the previous month and up 15.9% from the same month in 2020. The latest monthly growth was slower than October’s revised 2.5% to $760.7 billion.
Sales for the month were $630.8 billion, reflecting a 1.3% from October and up 23.3% from the level recorded in November 2020.
The growth of sales from September to October was revised upward to 2.5% from 2.2%.