Business Inventories Fell 0.2% In December

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With inventories at merchant wholesalers showing a notable decrease in the month of December, the Commerce Department released a report Friday morning showing that total business inventories unexpectedly fell for the month.

The report showed that business inventories fell 0.2 percent in December following an upwardly revised 0.5 percent increase in November. Economists had been expecting inventories to increase by 0.2 percent compared to the 0.4 percent increase originally reported for the previous month.

With inventories at merchant wholesalers showing a notable decrease in the month of December, the Commerce Department released a report Friday morning showing that total business inventories unexpectedly fell for the month. (Market News Provided by RTTNews)