- Prior month 0.8%
- Wholesale trade for December -0.2% vs 0.2% expected
- Prior month -0.2%
Manufacturing sales increased for the third consecutive month,
rising 0.3% to $71.4 billion in December, with gains
in 12 of 21 subsectors. Higher sales of petroleum and coal (+3.4%), food
products (+1.9%), and primary metals (+3.9%) were partially offset by
a 5.0% decline in motor vehicle sales. Compared to December 2023, total
sales were 0.3% higher.
On a quarterly basis, sales rose 1.6% to
$213.3 billion in the fourth quarter of 2024, following four consecutive
quarterly declines. The transportation equipment (+3.3%) and wood
product (+10.0%) subsectors contributed the most to the quarterly
increase.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
