U.S. wholesale stocks rise; inventories-to-sales ratio lowest in six years

FILE PHOTO: Warehouse workers deal with inventory stacked up to the ceiling at an ABT Electronics Facility in Glenview, Illinois, U.S. December 4, 2018. REUTERS/Richa Naidu

Inventories rose 0.6% in January from a year earlier. Sales at wholesalers jumped 4.9% after advancing 1.9% in December. At January’s sales pace it would take wholesalers 1.24 months to clear shelves. That was the shortest since November 2014 and was down from 1.29 months in December. “Pent-up demand, particularly coming from middle- and high-income households who have been aggressively saving throughout the crisis, is set to drive consumption spending throughout the year as the health crisis begins to abate,” said Matt Colyar, an economist at Moody’s Analytics in West Chester, Pennsylvania.

Businesses are replenishing inventories after they were drawn down early in the pandemic, helping to underpin manufacturing. But a big chunk of the inventory build is coming from imports, which could keep the trade deficit elevated.

'Households'? Really? Who Not anyone I know, we still can't afford a 400 dollar emergency and it's getting worse everyday.

Most Beautiful Dog Videos 2021, click here:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

U.S. crude, fuel stocks rise in most recent week - EIAU.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Stocks slip in mixed trading as rate pressure ratchets upRising Treasury yields put pressure on big technology companies, lowering U.S. stock indexes Maybe eliminating insidertrading by current or former government employees would help! KellyLoeffler RichardBurr DavidPerdue
La source: latimes - 🏆 11. / 82 Lire la suite »