U.S. Wholesale Inventories Grew Less Than Expected in October
December 09 2022 - 10:52AM
Dow Jones News
By Xavier Fontdegloria
Inventories at U.S. wholesalers increased in October at broadly
the same pace as the previous month, data from the Commerce
Department showed Friday.
Inventories of U.S. merchant wholesalers increased 0.5% in
October on month, easing slightly from the 0.6% increase registered
in September, the data showed.
Economists polled by The Wall Street Journal expected
inventories to rise by a bigger 0.8%.
The ratio of inventories to sales stood at 1.32 in October,
sharply up compared with the 1.21 seen the same month a year
earlier, a sign of moderating demand and easing supply-chain
bottlenecks.
Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com
(END) Dow Jones Newswires
December 09, 2022 10:37 ET (15:37 GMT)
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