- U.S. wholesale inventories rise in line with expectations in August
Market news
8 October 2021
U.S. wholesale inventories rise in line with expectations in August
The
Commerce Department announced on Friday the U.S. wholesale inventories jumped
1.2 percent m-o-m in August, being in line with the preliminary estimate of a
1.2 percent m-o-m gain.
Economists
had forecast the reading to stay unrevised at 1.2 percent m-o-m.
In
July, wholesale inventories increased 0.6 percent m-o-m.
According
to the report, durable goods inventories climbed 1.2 percent m-o-m in August,
while stocks of nondurable goods surged 1.1 percent m-o-m.
In
y-o-y terms, wholesale inventories soared 12.3 percent in August.
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