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U.S. business inventories increase 0.5 percent in November

The Commerce Department announced on Friday that business inventories rose 0.5 percent m-o-m in November, following a revised 0.8 percent m-o-m advance in October (originally a 0.7 percent m-o-m gain).

That was in line with economists’ forecast for a 0.5 percent m-o-m increase.

According to the report, stocks at retailers and manufacturers both rose by 0.7 percent m-o-m, while inventories at wholesalers were unchanged m-o-m.

In y-o-y terms, business inventories declined 3.2 percent in November.

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