US business inventories for November -0.1% versus -0.1% expected

<ul><li>Prior month -0.1%</li><li>Business inventories -0.1% to $2548.9B</li><li>October -0.1% the same level reported last month</li><li>Inventories YoY were up 0.4% from November 2022</li></ul><p>Sales (November):</p><ul><li>Total value: $1,858.8 billion.</li><li>Change from October 2023: Increase of 0.2% (±0.1% margin of error).</li><li>Change from November 2022: Increase of 1.0% (±0.3% margin of error).</li></ul><p>Inventories/Sales Ratio (November):</p><ul><li>Ratio for November: 1.37.</li><li>Ratio for November 2022: 1.38.</li></ul><p>The data is old but the problems in the Red Sea will be monitored for any disruptions in inventories. Most of the direct effect will be felt in Europe, but the wave can spread. These are older data points as well. </p>

This article was written by Greg Michalowski at www.forexlive.com.