The last two months have been a good one for the U.S. businesses. The inventories have seen a boost in November and it has further got a boost of 0.4% in December. This is mainly due to the improved stock of the wholesalers and manufacturers. There was a similar gain shown by business inventories in November also.
There was a forecast from the economists that inventories will grow by 0.3 percent in December. But, with a gain of 0.4 percent, it has done a world of god for the gross domestic product. The rise in the retail inventories stands at an increase of 0.2% in December.
The manufacturing inventories are the ones that boosted the overall business inventories. They went up by 0.5 percent in December. The stocks at the wholesalers rose by 0.4 percent. There was a drop in the motor vehicle inventories. It fell by 0.4 percent. The economy has shown a growth of 2.6 percent in the last three months of 2017.
The business sales in December increased by only 0.6 percent. It rose to 1.4 percent in November. If the sales in December are taken into calculations, then the present stocks would take about 1.3 months to clear. This is the same time period seen in November.