A recent report from the Commerce Department, published on Monday, reveals a slight recovery in U.S. wholesale inventories for October. The data indicates that wholesale inventories increased by 0.2 percent, aligning with economists' expectations, after a decrease of 0.2 percent observed in September.
This modest rise was driven by a 0.1 percent increase in durable goods inventories and a 0.3 percent climb in non-durable goods inventories.
Conversely, the report noted that wholesale sales experienced a decline of 0.1 percent in October, following a 0.5 percent rise in September. Sales of durable goods remained steady from the previous month, while sales of non-durable goods decreased by 0.3 percent.
Despite these changes in inventories and sales, the inventories-to-sales ratio for merchant wholesalers held steady at 1.34, unchanged from September.
