Investing.com – U.S. wholesale inventories rose more-than-expected in December, official data showed on Thursday.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 1.0% in December, compared to a flat result of 0.0% in November, whose figure was revised from a decline of 0.2%.
Analysts had expected U.S. wholesale inventories to rise by 0.7% in December.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD sliding 1.07% to hit 1.3583.
Meanwhile, U.S. equity markets were broadly lower. The Dow Jones Industrial Average dropped 0.65%, the S&P 500 index fell 0.74%, while the Nasdaq Composite index tumbled 0.82%.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 1.0% in December, compared to a flat result of 0.0% in November, whose figure was revised from a decline of 0.2%.
Analysts had expected U.S. wholesale inventories to rise by 0.7% in December.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD sliding 1.07% to hit 1.3583.
Meanwhile, U.S. equity markets were broadly lower. The Dow Jones Industrial Average dropped 0.65%, the S&P 500 index fell 0.74%, while the Nasdaq Composite index tumbled 0.82%.