US wholesale inventories fall 0.1% in January

By Ovunc Kutlu

ISTANBUL (AA) - Wholesale inventories in the US decreased 0.1% in January, compared to the previous month, according to Commerce Department figures released Wednesday.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, stood at $896.8 billion.

The figure in December was unrevised at a gain of 0.4%, the agency said in a statement.

Annually, wholesale trade sales in January were down 2.3%, compared to the same month in 2023.