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USA: -0.1% decline in business inventories in November

January 17, 2024 at 08:43 pm IST

The Commerce Department announced a 0.1% decline in US business inventories in November 2023 compared with the previous month, following an already registered -0.1% fall in October.

US business sales were up 0.2% on October 2023 and +1% on November 2022.
At October's rate, it took them 1.37 months to clear their inventories, the same as the previous month.

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