Wholesale inventories increased 0.3% in September, the Commerce Department reported Wednesday. Wholesale sales grew 0.2%.
Economists expected inventories would increase 0.2% and sales would gain 0.1%, according to the median estimate from Thomson Reuters.
Inventories for August were up a revised 0.6%, down from the initially reported 0.7% rise. August sales were off 0.8%, first reported as a 0.7% decrease.
Inventories of durable goods increased 0.8% in September following a 0.8% increase in August. Sales of durable goods increased 0.5% in September following a flat reading in August.
Inventories of nondurable goods were down 0.6% in September following a 0.2% gain in August. Sales of nondurable goods dipped 0.1% in September following a 1.4% drop August.
The inventories-to-sales ratio held at 1.19 in September from 1.19 in August. A year ago the inventories-to-sales ratio was 1.16%.
