Wholesale Inventories Rise 1.5%

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The U.S. Commerce Department revealed Friday that wholesale inventories jumped 1.5 percent in November. This followed a revised 0.6 percent rise in the previous month.

Economists had expected a mild decline.

Wholesale sales climbed 3.3 percent. The advance, far better than economists had predicted, marked the eighth consecutive month of gains.

With sales rising faster than inventories, the inventory-to-sales ratio slipped to 1.14.

(Market News Provided by RTTNews)