Wholesale inventories in the U.S. increased by more than expected in the month of December, according to a report released by the Commerce Department on Wednesday.

The Commerce Department said wholesale inventories rose by 0.3 percent in December after coming in virtually unchanged in November. Economists had expected inventories to inch up by 0.1 percent.

The bigger than expected increase in wholesale inventories came as inventories non-durable goods climbed by 0.6 percent, while inventories of durable goods crept up by 0.1 percent.

The report also said wholesale sales surged up by 1.2 percent in December after rising by 0.3 percent in the previous month.

Sales of durable goods spiked by 2.1 percent during the month, while sales of durable goods increased by 0.4 percent.

With sales jumping by much more than inventories, the inventories/sales ratio for merchant wholesalers dipped to 1.29 in December from 1.31 in November.

Next Wednesday, the Commerce Department is scheduled to release a separate report on business inventories in the month of December. Economists currently expect inventories to rise by 0.4 percent.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.