US Business Inventories Rise in December

U.S. business inventories rose in December and sales recorded their biggest increase since 2011, suggesting that inventory investment would again contribute to economic growth in the first quarter amid strengthening domestic demand.

The Commerce Department said on Wednesday business inventories increased 0.4 percent. That followed an upwardly revised 0.8 percent jump in November.

Inventories were previously reported to have advanced 0.7 percent in November.

Inventories are a key component of gross domestic product.

Retail inventories edged up 0.1 percent in December instead of being flat as reported in an advance report published last month.

Retail inventories surged 0.9 percent in November.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza