Wholesale Inventories Rise in August

Washington, DC, Oct. 7, 2011 — U.S. wholesale inventories rose less than forecast in August, according to the Commerce Department.

The 0.4% increase in inventories followed a 0.8% rise in July. The median projection was for a 0.6% gain.

Sales rose 1%, the most in five months.
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Wholesalers kept enough inventory on hand to last 1.16 months at the current pace of sales.