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1/16, 4:00 PM (Source: TeleTrader)
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US business inventories drop 0.2% in November

Inventories in the manufacturing and trade sectors in the United States decreased by 0.2% in November compared to October to reach $2.04 trillion, according to the report by the US Census Bureau released on Thursday. The figure came in 2.8% higher year-on-year.

The combined value of distributive trade sales and manufacturers’ shipments for November, adjusted for seasonal and trading-day differences was estimated at $1.5 trillion, up 0.7% monthly and 1% annually.

The total business inventories and sales ratio based on seasonally adjusted data at the end of November was 1.39, which compared to the November 2018 ratio that was 1.37.

Breaking the News / ND