Wholesale Inventories in U.S. Rose 1.5% in September
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Inventories at U.S. wholesalers climbed twice as much as forecast in September as suppliers stocked up ahead of the holiday sales season.
The 1.5 percent increase in the value of inventories followed a revised 1.2 percent rise in August that was larger than initially estimated, Commerce Department figures showed today in Washington. The median of economists surveyed by Bloomberg News projected a 0.7 percent gain. Sales climbed 0.4 percent to $353.9 billion, the highest since September 2008.