U.S. Wholesale Inventories Fell in November

U.S. wholesalers reduced inventories in November, the Commerce Department reported Friday.

Here are takeways from the report: 

-Wholesale inventories fell a seasonally adjusted 0.1% in November from October. Economists surveyed by The Wall Street Journal had expected no change over the month.

-Inventories increased in October by 0.1%, unchanged from the previous estimate.

-Sales in November rose 1.5% from a month earlier.

-The inventory-to-sales ratio, or how fast supplies would be exhausted at the month's sales pace, was 1.35 in November, down slightly from 1.37 in October.