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.


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(END) Dow Jones Newswires

October 07, 2022 10:20 ET (14:20 GMT)

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