US Wholesale Inventories Surge in January

In a recent report by the US Census Bureau, it was revealed that wholesale inventories in the United States experienced a notable increase of 0.8% in January 2024. This growth brings the total to $906.2 billion, slightly below what analysts had anticipated.

On an annual basis, the total inventories saw a robust jump of 1.2%, indicating a positive trend in the wholesale sector. This data provides insights into the health of the US economy and its recovery trajectory.

Stay tuned for more updates on this developing story...