Prior month 0.2%Wholesale inventories 0.2% versus 0.2% estimateTotal inventories were up 0.9
percent from the revised October 2023 level YoY.Wholesale sales -0.1% versus 0.5% last month (revised from 0.3%). Wholesale sales were up 0.9% from October 2023 YoY. The October inventories/sales 1.34. The October 2023 ratio was the same at 1.34.
Looking at the inventory to sales ratio above says “steady as she goes” which is a good place to be.
This article was written by Greg Michalowski at www.forexlive.com.
