Driven by non-durable goods inventories, the increase in US wholesale inventories slowed in October. According to data released by the US Department of Commerce on Thursday, wholesaler inventories increased 0.2% month-on-month in October and 0.5% in September. This is in line with the average expectations of the surveyed economists. Inventories of non-durable goods increased by 0.8%, including pharmaceutical inventories by 1.9%, groceries by 0.1%, and stocks of agricultural products by 3.2%.

Driven by non-durable goods inventories, the increase in US wholesale inventories slowed in October. According to data released by the US Department of Commerce on Thursday, wholesaler inventories increased 0.2% month-on-month in October and 0.5% in September. This is in line with the average expectations of the surveyed economists. Inventories of non-durable goods increased by 0.8%, including pharmaceutical inventories by 1.9%, groceries by 0.1%, and stocks of agricultural products by 3.2%.