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As on Mar 09, 2021 12:00 AM Your results on : Currency News    
Economic Buzz: US Wholesale Inventories Surge 1.3% In January
09-Mar-2021 (08:52)

US wholesale inventories spiked by 1.3 percent in January after climbing by an upwardly revised 0.6 percent in December, a report released by the Commerce Department on Monday showed. Inventories of durable goods shot up by 1.2 percent during the month, while inventories of non-durable goods jumped by 1.5 percent. The report also showed a substantial increase in wholesale sales, which soared by 4.9 percent in January after spiking by 1.9 percent in December. Sales of durable and non-durable goods both skyrocketed by 4.9 percent.

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