Economic Buzz: US Wholesale Inventories Rise 0.8% In January

9 Mar 2022 , 08:29 AM

US wholesale inventories climbed by 0.8 percent in January after surging by an upwardly revised 2.6 percent in December, the Commerce Department reported on Tuesday. The continued increase in wholesale inventories came as inventories of durable and non-durable goods rose by 0.8 percent and 0.9 percent, respectively. The Commerce Department also said wholesale sales soared by 4.0 percent in January after climbing by 0.8 percent in December. Sales of durable goods spiked by 5.7 percent during the month, while sales of non-durable goods shot up by 2.4 percent.

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