(CercleFinance.com) – Inventories of wholesalers in the United States fell in October, notably due to a reduction in computer equipment stocks, show official statistics published Thursday.
The Commerce Department announced that wholesale inventories fell 0.4%, after being stable in September, while economists expected them to fall 0.2%.
Over one year, they showed a decline of 2.3%.
These figures confirm the massive destocking movement which has taken place in recent months within global industry, and which has tended to weigh on the activity of manufacturers.
Knowing that wholesale sales contracted by 1.3% in October, they currently need 1.34 months to sell off their stocks, compared to 1.37 a year earlier.
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