U.S business inventories up 0.4% m/m
Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,895.4 billion, up 0.4 percent (±0.1 percent) from October 2017 and were up 3.2 percent (±0.3 percent) from November 2016.
The total business inventories/sales ratio based on seasonally adjusted data at the end of November was 1.33. The November 2016 ratio was 1.40.
- U.S international trade deficit was $69.7 billion in November
- Chicago Business Barometer rose to 67.6 in December, up from 63.9
- U.S initial jobless claims little changed last week
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