Economic Buzz: US Wholesale Inventories Surge In November

11 Jan 2022 , 08:41 AM

US wholesale inventories surged up by 1.4 percent in November after spiking by 2.5 percent in October, according to a report released by the Commerce Department on Monday. The bigger than expected increase in wholesale inventories came as inventories of durable goods shot up by 2.1 percent, while inventories of non-durable goods rose by 0.3 percent. The Commerce Department said wholesale sales also jumped by 1.3 percent in November after soaring by 2.5 percent in the previous month.

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