US international trade deficit widens in November 2023

In the retail sector, inventories in November, adjusted for seasonal variations and trading day differences but not for price changes, were estimated at an end-of-month level of $794.9 billion. This represents a slight decrease of 0.1 per cent from October 2023. However, when compared to November 2022, there was a 5.1 per cent increase in retail inventories. Notably, the September to October 2023 per centage change in retail inventories was unrevised from the preliminary estimate, remaining at a decrease of 0.1 per cent, as per the bureau.

Additionally, new orders for manufactured durable goods in November 2023 showed a significant increase, continuing a trend of growth in two of the last three months. These orders surged by $15.1 billion, or 5.4 per cent, reaching $295.4 billion.

ALCHEMPro News Desk (DP)