September wholesale inventories rise 0.7%
SPY•U.S. wholesale inventories rose 0.7% in September to $1.013 trillion, while sales increased 2.8% to $840.12 billion. The stock-to-sales ratio fell to 1.21 from 1.23 in August.
1. Inventories and sales
U.S. wholesale inventories rose 0.7% in September, compared with economists’ forecast of a 0.6% increase, to $1.013 trillion. Wholesale sales increased 2.8% to $840.12 billion, and the stock-to-sales ratio was 1.21, down from 1.23 in August.
