Wholesale Inventories Up More Than Forecast
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From Bloomberg News
Inventories at U.S. wholesalers rose more than forecast in August, just enough to keep pace with a jump in sales and suggesting that factories will need to churn out more goods in coming months to meet demand.
The 1.1% increase was the biggest since April and followed a 0.9% gain in July, the Commerce Department said. Sales at wholesalers also rose 1.1% in August after a 0.5% gain.
