The value of business inventories rose 0.5% in August, as expected, with retail inventories up 0.8%, according to data released Friday by the Commerce Department.

Retail motor vehicle inventories rose 1.5% as auto sales fell 0.8% that month. The remaining retail inventories categories combined for a 0.6% increase, with gains in every category except a 0.1% decline in furniture inventories.

In addition, a Market News International calculation of retail inventories not included in the published categories shows a rise of 0.8% after a 0.4% decline in the previous month.

Both factory inventories and wholesale inventories were already reported up 0.4% in the month.

Overall business inventories would have still been up 0.5% in August if the surge in retail motor vehicle inventories was excluded, an MNI calculation showed.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.