Wholesale Inventories Rise 0.4%; Sales Gain 0.2% in October

Wholesale inventories increased 0.4% in October, the Commerce Department reported Tuesday.

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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 September were up a revised 0.4%, from the initially reported 0.3% rise. September sales were flat, first reported as a 0.2% increase.

Inventories of durable goods were unchanged in October following a 0.7% increase in September. Sales of durable goods increased 0.8% in October following a 0.5% rise in September.

Inventories of nondurable goods were up 1.2% in October following a flat read in September. Sales of nondurable goods dipped 0.3% in October following a 0.4% drop September.

The inventories-to-sales ratio held at 1.19 in October from 1.19 in September. A year ago the inventories-to-sales ratio was 1.16%.


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