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Retail

US' retail inventories see marginal rise in January 2024

03 Mar '24
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In January 2024, the US saw a modest 0.5 per cent increase in retail inventories, reaching $804.8 billion.
  • However, wholesale inventories saw a slight reduction of 0.1 per cent, totalling $896.8 billion.
  • The advance international trade data indicated a widening trade deficit in goods, growing to $90.2 billion from $87.9 billion in December 2023.
US’ retail inventories saw a slight increase in January 2024, ending the month at $804.8 billion, marking a 0.5 per cent rise from December 2023, according to the latest US Census Bureau Index of Economic Activity. Conversely, wholesale inventories experienced a marginal decline, with January's end-of-month figures standing at $896.8 billion, a decrease of 0.1 per cent from the previous month.

The advance international trade data revealed a more significant shift, with the trade deficit in goods expanding to $90.2 billion in January from $87.9 billion in December. The widening deficit is attributed to a greater increase in imports compared to exports, as per the bureau.

ALCHEMPro News Desk (DP)
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