WASHINGTON — The value of business inventories rose 0.7% to another record high level in September, while retail inventories rose 0.3% to add to the inventory gains at the factory and wholesale levels already announced, data released Wednesday morning by the Commerce Department showed.

Analysts in an MNI survey had expected total business inventories to rise 0.6%. Factory inventories were already reported up 0.6% in the month, while wholesale inventories rose 1.1%.

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