US’ retail inventories saw a slight increase in January 2024, ending the month at $804.8 billion, marking a 0.5 per cent rise from December 2023, according to the latest US Census Bureau Index of Economic Activity. Conversely, wholesale inventories experienced a marginal decline, with January's end-of-month figures standing at $896.8 billion, a decrease of 0.1 per cent from the previous month.The advance international trade data revealed a more significant shift, with the trade deficit in goods expanding to $90.2 billion in January from $87.9 billion in December. The widening deficit is attributed to a greater increase in imports compared to exports, as per the bureau.
Fibre2Fashion News Desk (DP)