US wholesale inventories fall 0.2% in November

By Ovunc Kutlu

ISTANBUL (AA) - US wholesale inventories decreased by 0.2% in November, compared to the previous month, according to Commerce Department figures released Thursday.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, was at $895.7 billion at the end of November, it said in a statement.

The figure came in line with market expectations, following $897.4 billion in October.

The October figure was revised from a decrease of 0.4% to a decline of 0.3%.

Annually, wholesale inventories in November were down 3.1% compared to the same month of last year.