“U.S. business inventories rose modestly in November as sales rose solidly, backing views restocking will not support economic growth in the fourth quarter.
The Commerce Department said on Tuesday inventories increased 0.3 percent to a record $1.62 trillion after rising by the same margin in October.
(Click here to see how the U.S. stock market reacted to the business inventories report.)
The gain in November was in line with economists’ expectations. Automobile inventories rose 0.5 percent after increasing 0.8 percent in October….”
If you enjoy the content at iBankCoin, please follow us on Twitter
