U.S. Wholesale and Retail Inventories Show Increased Growth in September
Data released by the U.S. Census Bureau indicates a slight acceleration in inventory levels for both wholesale and retail sectors during September. Wholesale inventories rose by 0.6% month-over-month to reach $1,011.5 billion, surpassing the consensus estimate of 0.5%. Retail inventories also saw an uptick, growing by 0.3% month-over-month to a total of $885.3 billion. This growth follows a revised prior figure and suggests a minor shift in supply chain management or consumer demand trends as businesses adjust their stock levels.
Topics: Census Bureau Data Retail Inventories US Economy Wholesale Inventories