- U.S. business inventories increase 0.3 percent in August
Market news
16 October 2020
U.S. business inventories increase 0.3 percent in August
The Commerce
Department announced on Friday that business inventories rose 0.3 percent m-o-m
in August, following an unrevised 0.1 percent m-o-m advance in July.
That was slightly
below economists’ forecast for a 0.4 percent m-o-m increase.
According to
the report, stocks at retailers and wholesalers both rose by 0.4 percent m-o-m,
while inventories at manufacturers were flat m-o-m.
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