US Census Bureau Reports a Modest Increase in Business Inventories
The US Census Bureau announced on Tuesday that inventories in the manufacturing and trade sectors experienced a slight 0.1% increase in October, bringing the total to $2.58 trillion. This marks a 2.4% year-over-year rise, reflecting a steady growth in business inventories.
Key Insights:
The 0.1% month-over-month increase follows the trend of gradual inventory accumulation observed in recent months. This figure underscores the ongoing recovery and expansion within the US manufacturing and trade sectors.
More detailed analysis and potential implications for the broader economy are expected in the coming reports.
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