US business inventories rose by 0.1% month-over-month in November 2025, following a 0.2% advance in October and slightly below analysts' estimates of a 0.2% increase. Stocks went up at merchant wholesalers (0.2% vs 0.2% in October) and manufacturers (0.1% vs 0%), but declined at retailers (-0.1% vs 0.5%). On a yearly basis, total business inventories increased by 1.2% in November.