Inventories Down 0.4%; Sales Decline 0.3%

Business inventories declined 0.4% in September, the Commerce Department said yesterday.

The August inventories decline was revised down to a 1.6% drop from the 1.5% decline initially reported.

Economists had expected business inventories to shrink 0.7% in September. Meanwhile, sales dropped 0.3% in the month.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER