U.S. wholesale inventories revised higher in November
Source: Reuters, via Yahoo! Finance
Reuters
U.S. wholesale inventories revised higher in November
Mon, January 10, 2022, 10:27 AM
WASHINGTON (Reuters) - U.S. wholesale inventories increased more than initially thought in November, suggesting that the restocking of warehouses likely contributed to economic growth last quarter.
The Commerce Department said on Monday that wholesale inventories rose 1.4%, instead of 1.2% as estimated last month. Stocks at wholesalers increased 2.5% in October.
Economists polled by Reuters had expected inventories would be unrevised. Wholesale inventories surged 15.9% in November from the year-earlier period.
Inventories are a key part of gross domestic product.
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Read more: https://finance.yahoo.com/news/u-wholesale-inventories-revised-higher-152743126.html
IronLionZion
(45,447 posts)oh wait...
I like the folks who posted photos of empty shelves after the recent snow storm panic hoarding as proof of socialism.
mahatmakanejeeves
(57,464 posts)Long lines, though. The lot was packed too.
It was normal weekly "get out of the house" trip to the Aldi.
IronLionZion
(45,447 posts)mahatmakanejeeves
(57,464 posts)Prince Of Petworth Today at 12:05pm
photo by Kelly Atwood
Kelly writes: Had to use the pano photo option today. Van Ness location in DC is sold out of literally EVERYTHING.
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