America.. Corporate inventories and retail sales rise and wholesale declines

The US Department of Commerce announced on Tuesday that corporate inventories in the United States grew during last October according to expectations.
The Ministry stated that it increased by 0.1% during October after stabilizing during September according to the revised data, while analysts expected it to grow by 0.1%, which is the same growth rate recorded in the previous month according to preliminary data.

Corporate stock

The slight increase in inventory came against the backdrop of a growth in inventories of retail stores and wholesale warehouses by 0.2%, while inventories of manufacturing companies declined by 0.1% during October.
The Ministry of Commerce also reported that corporate sales stabilized during October after rising by 0.3% in September.

Retail company sales

It also increased in the United States by 0.4%, sales of manufacturing companies decreased by 0.2%, and wholesale sales decreased by 0.1% during the same month.
The Ministry of Commerce’s report indicated that the total ratio of companies’ inventories to sales stabilized during October at 1.37, unchanged from the previous month.