U.S. wholesale inventories revised higher in November

[mahatmakanejeeves]

Source: Reuters, via Yahoo! Finance

Reuters

U.S. wholesale inventories revised higher in November

Mon, January 10, 2022, 10:27 AM

WASHINGTON (Reuters) - U.S. wholesale inventories increased more than initially thought in November, suggesting that the restocking of warehouses likely contributed to economic growth last quarter.

The Commerce Department said on Monday that wholesale inventories rose 1.4%, instead of 1.2% as estimated last month. Stocks at wholesalers increased 2.5% in October.

Economists polled by Reuters had expected inventories would be unrevised. Wholesale inventories surged 15.9% in November from the year-earlier period.

Inventories are a key part of gross domestic product.

{snip}

Read more: https://finance.yahoo.com/news/u-wholesale-inventories-revised-higher-152743126.html

[IronLionZion]

1. Biden is killing the supply chain

oh wait...

I like the folks who posted photos of empty shelves after the recent snow storm panic hoarding as proof of socialism.

[mahatmakanejeeves]

2. I went to the Aldi on Thursday afternoon. Oddly, it had lots of bread.

Long lines, though. The lot was packed too.

It was normal weekly "get out of the house" trip to the Aldi.

[IronLionZion]

4. The Trader Joes' in DC have signs up blaming the PA governor for shutting down roads

https://www.popville.com/2022/01/notes-from-trader-joes/

[mahatmakanejeeves]

5. Meanwhile at the Giant Monday

Meanwhile at the Giant Monday

Prince Of Petworth Today at 12:05pm



photo by Kelly Atwood

Kelly writes: “Had to use the pano photo option today. Van Ness location in DC is sold out of literally EVERYTHING.”

{snip}

[marie999]

3. I am finding everything I need but not always the brand I want. No big deal.