Business Inventories Below Expectations in November

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Economic Update: Business Inventories

November Business Inventories were reported to have increased by +0.3%, which was below the consensus expectations for an increase of +0.5%.

The October reading was unrevised +0.8%.

For comparison purposes:

• September: 0.0%
  
• August: +0.5%
  
• June: +0.4%
  
• May: +0.9%
  
• April: +1.0%
  
• March: +1.3%
  
• February: +0.7%
  
• January: +1.1%
  
• December: +1.1%
  
• November: +0.4%

 

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