WASHINGTON – Business inventories increased 0.6% in August, while sales crept up 0.1%, the Commerce Department reported Friday.
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Retail inventories increased 1.0% for the month following a 1.0% gain in July. Retail inventories excluding motor vehicles were up 0.2%.
Economists expected business inventories would increase 0.5% for August, according to the median estimate from Thomson Reuters.
In July, inventories rose 1.1%, while sales increased 0.8%
The inventories-to-sales ratio was 1.27.
