U.S. wholesalers restocked at a faster pace in November.
Wholesale inventories grew a seasonally adjusted 0.8% in November from the prior month, the Commerce Department said Wednesday. The rise comes after inventories dropped 0.4% in October. Economists surveyed by The Wall Street Journal had expected a 0.7% increase in November.
Sales in November were up 1.5% from a month earlier. The ratio of inventories to sales fell to 1.24 in November from 1.31 a year earlier.
Source: Dow Jones