Wholesale Inventories Inch Down

Wholesalers’ stocks of unsold goods edged down slightly in November, as expected (Seeking Alpha).

What’s going on: “U.S. wholesale inventories slipped 0.2% [month on month] to $901.6B in November, compared with the advance estimate of -0.2% and October’s -0.2%, the U.S. Census Bureau said on Wednesday.”

Total inventories edged up 0.8% from a year earlier.

What it means: Today’s data shows “the wholesale inventory sector is behaving as expected,” Investing.com reports. “This steady performance can contribute to a sense of stability in the overall economy, which can be seen as a positive sign for the [U.S. dollar].”