Wholesale Inventories Rise (Feb. 10)

Wholesale Inventories increased by 1.0% in December to $430.5 billion, against the expected 0.7% increase, following a decrease of 0.2% in November, and are up by 10.5% from a year ago. Wholesale Sales had increased by 0.4% in December to $371.5 billion and were up 11.6% over the year. Sales of durable goods were up 1.3% and sales of nondurable goods were down 0.3% over the month. The Inventory/Sales ratio was at 1.16, lower than the 1.17 ratio in December of 2009.

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