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The U.S. Commerce Department released wholesale inventories on Friday. Wholesale inventories in the U.S. fell 0.3% in November, missing expectations for a 0.1 decline, after a 0.3% decrease in October. September's figure was revised down from a 0.1% decline.
The decline was driven by a fall in inventories of non-durable and durable goods. Inventories of non-durable goods decreased 0.5% in November, while inventories of durable goods fell 0.2%.
Wholesale sales slid 1.0% in November, after a 0.2% fall in October.
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