Wholesale Inventories Up 0.5% in September
From Bloomberg News
Inventories at U.S. wholesalers rose 0.5% in September, the smallest increase since April, suggesting that companies were becoming tentative about the pace of economic growth. Sales growth slowed.
The increase in supplies at distribution centers, warehouses and terminals brought the value to $319.3 billion and came after a gain of 1.1% in August, the Commerce Department said.
Wholesalers’ sales rose 0.6% in September, the smallest increase since June, after rising 1% in August.
