US retail inventories rise in November despite fall expected

ISTANBUL

Retail inventories in the US rose 0.1% to reach $738.7 billion in November, official data revealed on Tuesday.

The figure came against the market expectation of a 0.1% monthly decrease.

Retail inventories for October was revised down from a monthly contraction of 0.2% to a decline of 0.4%, according to the Commerce Department’s Census Bureau.

On an annual basis, retail inventories in November soared 18.4% from the same month of 2021.