August wholesale inventories rise 0.5%, sales increase 1.8%
SPY•U.S. wholesale inventories rose 0.5% in August to $964.20 billion, while wholesale sales increased 1.8% to $817.46 billion. The inventory increase was below economists’ 0.7% forecast.
1. August wholesale figures
Seasonally adjusted wholesale inventories rose 0.5% in August from July, and sales increased 1.8%. Inventories totaled $964.20 billion, while sales totaled $817.46 billion.
2. Year-over-year changes
Inventories were up 6.4% from August a year earlier, while sales rose 15.6%. The stock-to-sales ratio was 1.18, down from 1.19 in July and 1.28 a year earlier.
