Investing.com - U.S. business inventories rose less-than-expected in December, official data showed on Wednesday.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.1% in December, below expectations for a 0.3% increase.
Business inventories in November were revised to a 0.2% gain from a previously reported advance of 0.3%.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.14% to trade at 1.3473.
Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average declined 0.1%, the S&P 500 index rose 0.2%, while the Nasdaq Composite index climbed 0.6%.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.1% in December, below expectations for a 0.3% increase.
Business inventories in November were revised to a 0.2% gain from a previously reported advance of 0.3%.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.14% to trade at 1.3473.
Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average declined 0.1%, the S&P 500 index rose 0.2%, while the Nasdaq Composite index climbed 0.6%.