U.S. Business Inventories Rose in December

WASHINGTON--U.S. business inventories increased 0.1% in December to a seasonally adjusted $2.04 trillion, the Commerce Department said Friday. That matched the expectations of economists surveyed by The Wall Street Journal. Here are highlights from the report:

-Factory inventories were up 0.5% in December from the previous month. Retail inventories were unchanged over the month and wholesale inventories declined 0.2%.

-The overall pace of sales fell 0.1% in December from November.

-The overall inventories-to-sales ratio in December was 1.40, compared with 1.39 in November. It had been 1.39 in December 2018.

-The Commerce Department uses data on business inventories in measures of U.S. gross domestic product. Private-sector inventories subtracted from economic growth during 2019's fourth quarter.

  (END) Dow Jones Newswires
  02-14-20 1015ET
  Copyright (c) 2020 Dow Jones & Company, Inc.

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