WASHINGTON — Sales of merchant wholesalers were $406 billion, up 0.9% in October, following a revised 0.3% gain in September, the Commerce Department reported Thursday.

October sales were up 13.1% from year-ago levels. The 0.9% gain in sales for the month was much higher than the median 0.5% increase projected by economists polled by Thomson Reuters.

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.