U.S. Wholesale Inventories Dip Slightly More Than Expected In September
(RTTNews) - The Commerce Department released a report on Thursday showing wholesale inventories in the U.S. fell by slightly more than expected in the month of September.
The report said wholesale inventories slipped by 0.2 percent in September after rising by 0.2 percent in August. Economists had expected wholesale inventories to edge down by 0.1 percent.
The modest decrease by wholesale inventories came as inventories of durable goods fell by 0.5 percent, more than offsetting a 0.3 percent increase by inventories of non-durable goods.
Meanwhile, the report said wholesale sales climbed by 0.3 percent in September after inching up by 0.2 percent in August.
Sales of durable goods increased by 0.4 percent during the month, while sales of non-durable goods rose by 0.2 percent.
With inventories dipping and sales rising, the inventories/sales ratio for merchant wholesalers edged down to 1.34 in September from 1.35 in August.
U.S. Consumer Sentiment Improves Less Than Previously Estimated In November
U.S. Leading Economic Index Falls Slightly More Than Expected In October
U.S. Existing Home Sales Rebound More Than Expected In October
Philly Fed Index Unexpectedly Indicates Contraction In November
U.S. Weekly Claims Dip To Lowest Level In Over Six Months
Philly Fed Index Unexpectedly Turns Negative In November
U.S. Weekly Claims Unexpectedly Dip To 213,000
