US retail inventories down 0.1% in November

By Ovunc Kutlu

ISTANBUL (AA) - US retail inventories fell 0.1% in November, according to the Commerce Department's Census Bureau advance figure that was released Thursday.

The figure, which measures the change in the total value of goods held in inventory by the nation's retailers, was estimated at $794.9 billion.

Retail inventories for October were unrevised at a monthly decline of 0.1%, the agency said in a statement.

Annually, however, retail inventories were up 5.1% in November from the same month last year.