1 min read
Add as a preferred source on GoogleU.S. Wholesale Inventories Rise 0.5% to $964.2 Billion
August growth was revised below the 0.7% advance reading, while July inventories were revised higher to $959.8 billion.
U.S. wholesale inventories rose 0.5% in August to $964.2 billion, below the 0.7% increase in the advance reading and signaling a smaller monthly gain than initially estimated.
The August figure followed a revised 1.4% increase in July to $959.8 billion. July’s previous estimate showed a 1.3% gain to $958.9 billion.
The August revision provides a more modest measure of inventory growth heading into the fall.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.