US Wholesale Inventories Increase Less Than Expected in August
October 09 2019 - 10:30AM
Dow Jones News
By Eric Morath and Amara Omeokwe
WASHINGTON--U.S. wholesalers increased inventories at the same
pace in August as the prior month. Here are key takeaways from
Wednesday's Commerce Department report:
--Wholesale inventories rose a seasonally adjusted 0.2% in
August from the prior month. Economists surveyed by The Wall Street
Journal had expected a 0.4% increase.
--Inventories increased 0.2% in July, unrevised from the
previously reported gain.
--Sales in August were unchanged from a month earlier.
--The inventory-to-sales ratio, or how fast supplies would be
exhausted at the month's sales pace, was 1.36 in August, up from
1.28 a year earlier.
--The Commerce Department's latest wholesale trade report can be
found at www.census.gov/wholesale/pdf/mwts/currentwhl.pdf
Write to Eric Morath at eric.morath@wsj.com and Amara Omeokwe at
amara.omeokwe@wsj.com
(END) Dow Jones Newswires
October 09, 2019 10:15 ET (14:15 GMT)
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