U.S. Wholesale Inventories Rose More Than Forecast in October

Inventories at U.S. wholesalers rose in October by the most in five months as distributors moved to bring stockpiles in line with demand.

The 1.6 percent increase in inventories followed no change in September, Commerce Department figures showed today in Washington. Economists projected a 0.3 percent gain in stockpiles, according to the median estimate in a Bloomberg News survey. Sales climbed 0.9 percent in October.