US business inventories slip in January

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

U.S. business inventories fell as expected in January, suggesting that any lift to gross domestic product in the first quarter from a shrinking ...

U.S. business inventories fell as expected in January, suggesting that any lift to gross domestic product in the first quarter from a shrinking trade deficit was likely to be offset by a slow pace of inventory accumulation.

The Commerce Department said on Tuesday that business inventories slipped 0.1per cent in January after being unchanged in December. Inventories are a key component of gross domestic product. Economists polled by Reuters had forecast inventories would dip 0.1per cent in January.Retail inventories were unchanged in January as estimated in an advance report published last month. That followed a 0.1per cent fall in December. Motor vehicle inventories dropped 0.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines