This was 0.8% down from the revised November level and down 10.2% from a year ago, the US Department of Commerce said today (9 February).

The November preliminary estimate was revised upward $0.4bn or 0.1%

End-of-month inventories of durable goods were down 1.1% and were down 15.9% from last December.

Inventories of metals and minerals, except petroleum, were down 3.1% and inventories of motor vehicle and motor vehicle parts and supplies were down 2.5%.

End-of-month inventories of nondurable goods decreased 0.3% from November and were down 0.2% compared to last December.

Inventories of farm product raw materials were down 4.5% while inventories of petroleum and petroleum products were up 3.6%.

Story provided by Business Financial Newswire