FX.co ★ U.S. Business Inventories Growth Slows Slightly in November 2025

U.S. business inventories rose at a slower pace in November 2025, with the month-over-month indicator easing to 0.1%, down from a 0.2% increase in October 2025. The latest data, updated on 10 February 2026, reflect a modest deceleration in stockbuilding across businesses.

The report compares the change in November to October 2025, while the previous figure measured October’s inventories against September. The slight cooling in inventory growth may suggest businesses are adjusting stock levels more cautiously as they respond to evolving demand conditions heading into the end of 2025.

While still positive, the softer 0.1% gain indicates that firms are adding to inventories at a slower rate than in the prior month, a development that could have implications for near-term production planning and overall economic momentum if the trend continues.