Global Statistics

All countries
369,086,736
Confirmed
Updated on January 28, 2022 8:54 pm
All countries
289,402,880
Recovered
Updated on January 28, 2022 8:54 pm
All countries
5,662,895
Deaths
Updated on January 28, 2022 8:54 pm

Global Statistics

All countries
369,086,736
Confirmed
Updated on January 28, 2022 8:54 pm
All countries
289,402,880
Recovered
Updated on January 28, 2022 8:54 pm
All countries
5,662,895
Deaths
Updated on January 28, 2022 8:54 pm

Business inventories climb 0.4 in January, matching estimates

U.S. business inventories rose in January, but a drop in sales meant it was now taking the longest time since late 2009 to move goods from shelves.

The Commerce Department said on Thursday inventories rose 0.4 percent after increasing 0.5 percent in December.

Economists polled by Reuters had forecast inventories increasing 0.4 percent in January.

(Read more: Business inventories climb 0.4 percent in January, matchingestimates)

Inventories are a key component of gross domestic product changes. Retail inventories, excluding autos, which go into the calculation of GDP, gained 0.7 percent.

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