U.S. Wholesale Inventories Fell 0.1% in September as Sales Rose
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Inventories at U.S. wholesalers unexpectedly declined in September for the first time since 2009 as a gain in sales helped distributors keep stockpiles in line with demand.
The 0.1 percent decrease in inventories compared with a 0.5 percent gain forecast in the Bloomberg News survey and followed a revised 0.1 percent August rise that was less than initially estimated, Commerce Department figures showed today in Washington. Sales climbed 0.5 percent in September.