Investing.com – U.S. wholesale inventories fell unexpectedly in November, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that wholesale inventories fell by 0.2% in November, after increasing by 1.7% in October, whose figure was revised down from 1.9%.
Analysts had expected U.S. wholesale inventories to increase by 1.3% in November.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.21% to hit 1.2926.
Meanwhile, U.S. equity markets were up. The Dow Jones Industrial Average climbed 0.43%, the S&P 500 index rose 0.39%, while the Nasdaq Composite index gained 0.24%.
In a report, the U.S. Census Bureau said that wholesale inventories fell by 0.2% in November, after increasing by 1.7% in October, whose figure was revised down from 1.9%.
Analysts had expected U.S. wholesale inventories to increase by 1.3% in November.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.21% to hit 1.2926.
Meanwhile, U.S. equity markets were up. The Dow Jones Industrial Average climbed 0.43%, the S&P 500 index rose 0.39%, while the Nasdaq Composite index gained 0.24%.