Investing.com – U.S. wholesale inventories rose more-than-expected in January, official data showed on Wednesday.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 1.1% in January, after rising by 1.3% in December, whose figure was upwardly revised from 1.0%.
Analysts had expected U.S. wholesale inventories to rise by 1.0% in January.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.07% to hit 1.3916.
Meanwhile, U.S. equity markets were broadly lower. The Dow Jones Industrial Average dropped 0.23%, the S&P 500 index fell 0.39%, while the Nasdaq Composite index dropped 0.72%.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 1.1% in January, after rising by 1.3% in December, whose figure was upwardly revised from 1.0%.
Analysts had expected U.S. wholesale inventories to rise by 1.0% in January.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.07% to hit 1.3916.
Meanwhile, U.S. equity markets were broadly lower. The Dow Jones Industrial Average dropped 0.23%, the S&P 500 index fell 0.39%, while the Nasdaq Composite index dropped 0.72%.