Investing.com – U.S. business inventories rose less-than-expected in November, official data showed on Thursday.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.3% in November, compared to expectations for a 0.4% gain.
Wholesale inventories rose by an unrevised 0.8% in October.
Year-on-year, business inventories rose at an annualized rate of 9.6% in November, after rising at a rate of 10.9% in October.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD climbing 0.82% to trade at 1.2812.
Meanwhile, U.S. equity markets were mixed to lower after the open. The Dow Jones Industrial Average shed 0.1%, the S&P 500 index eased up 0.1, while the Nasdaq Composite index dipped 0.1%.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.3% in November, compared to expectations for a 0.4% gain.
Wholesale inventories rose by an unrevised 0.8% in October.
Year-on-year, business inventories rose at an annualized rate of 9.6% in November, after rising at a rate of 10.9% in October.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD climbing 0.82% to trade at 1.2812.
Meanwhile, U.S. equity markets were mixed to lower after the open. The Dow Jones Industrial Average shed 0.1%, the S&P 500 index eased up 0.1, while the Nasdaq Composite index dipped 0.1%.