FX.co ★ US Business Inventory Growth Slows

US business inventories edged up 0.1% month-over-month in November 2025, coming in slightly below market expectations for a 0.2% gain. Inventory levels increased at merchant wholesalers (0.2%, unchanged from October) and manufacturers (0.1% vs 0% previously), but fell at retailers (-0.1% vs a 0.5% rise in October). On an annual basis, total business inventories were up 1.2% in November.