Growth in U.S. Wholesale Inventories Accelerated in August
October 07 2022 - 10:35AM
Dow Jones News
By Maria Martinez
U.S. wholesale inventories increased in August at a stronger
pace than in the previous month. Inventories of U.S. merchant
wholesalers rose 1.3% in August on month, up from a 0.6% increase
in July, the Commerce Department said Friday.
Economists polled by The Wall Street Journal expected a 1.2%
increase.
Inventories were up 25.0% from the same month a year
earlier.
The ratio of inventories to sales stood at 1.31, up from the
1.29 the previous month and above the 1.21 registered in August
2021, the Commerce Department's data showed.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
October 07, 2022 10:20 ET (14:20 GMT)
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