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U.S. wholesale inventories up 0.2 percent in August

The Commerce Department announced on Wednesday the U.S. wholesale inventories rose 0.2 percent m-o-m in August, the same pace as in July

Economists had 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.

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