Department announced on Wednesday the U.S. wholesale inventories rose 0.2 percent
m-o-m in August, the same pace as in July
forecast wholesale inventories growing 0.4 percent m-o-m in August.
According to the report, stocks of durable goods increased 0.3 percent m-o-m after being flat m-o-m in July, while inventories of non-durable goods edged up 0.1 percent m-o-m, following a 0.4 percent m-o-m gain in the previous month.
On a y-o-y
basis, wholesale inventories surged 6.2 percent.