WASHINGTON—U.S. wholesale inventories increased strongly in November, lifting the inventories-to-sales ratio to the highest level in nearly 2–1/2 years, as higher borrowing costs depressed sales. The Commerce Department said on Tuesday that wholesale inventories rose 1.0 percent as previously reported last month. Stocks at wholesalers increased 0.6 percent in October. Economists polled by Reuters had…
US Wholesale Inventories Rise Strongly in November as Demand Falters
US Business Inventories Increase Solidly in June
WASHINGTON—U.S. business inventories increased strongly in June amid signs of a large buildup of stocks in the retail sector despite a pickup in sales. Business inventories rose 1.4 percent after advancing 1.6 percent in May, the Commerce Department said on Wednesday. Inventories are a key component of gross domestic product. June’s increase was in line with economists’…
Target Puts the Squeeze on Suppliers After Inventories Pile Up
NEW YORK—Target Chief Executive Officer Brian Cornell pledged in a June blog post that the retailer would take necessary actions to adapt to a post-pandemic landscape, paring a record $15.1 billion in unsold merchandise. Behind the scenes, Target’s actions this summer include putting pressure on its vendors, asking them to pick up the tab for…
US Wholesale Inventories Increase Strongly; Sales Growth Slows
WASHINGTON—U.S. wholesale inventories increased slightly more than initially thought in April, suggesting that inventory investment could provide a lift to economic growth this quarter. The rise in stocks reported by the Commerce Department on Wednesday, however, came as sales growth moderated. Inventories are being closely watched amid rising fears of a recession next year as…
US Auto Sales to Fall in April on Tight Inventories, Rising Rates: Data
April 28, 2022
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U.S. new vehicle sales is expected to fall in April, as low inventories and rising interest rates boost prices amid high demand, consultants J.D. Power and LMC Automotive said. U.S. retail sales of new vehicles in April could fall 23.8 percent to 1.1 million units from a year earlier, according to a report released by…
US Wholesale Inventories Rise Strongly, Seen Boosting Fourth Quarter Growth
WASHINGTON—U.S. wholesale inventories increased more than initially thought in November, suggesting that the restocking of warehouses likely contributed strongly to economic growth last quarter. The almost broad increase in inventories reported by the Commerce Department on Monday also offered more hope that supply bottlenecks were easing. It followed in the wake of an Institute for…
US Trade Deficit Widens in September; Inventories Mixed
WASHINGTON—The U.S. trade deficit in goods surged in September as exports tumbled, suggesting trade probably weighed on economic growth again in the third quarter. The goods trade deficit increased 9.2 percent to $96.3 billion, the Commerce Department said on Wednesday. Goods exports dropped 4.7 percent, while imports gained 0.5 percent. The report, which was published…
US Wholesale Inventories Rise; Inventories-to-Sales Ratio Lowest in Seven Years
WASHINGTON—U.S. wholesale inventory accumulation slowed in July, lagging further behind sales, and it is now taking wholesalers the shortest time in seven years to clear shelves. The Commerce Department said on Friday that wholesale inventories rose 0.6 percent as estimated last month. Stocks at wholesalers increased 1.2 percent in June. Wholesale inventories climbed 11.5 percent…
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