US wholesale inventories rise 0.1% in August

The US wholesale inventories increased for the fifth consecutive month in August, although at a slower pace than in July.

Inventories held by merchant wholesalers rose by 0.1 per cent month-on-month, according to adjusted figures released by the US Census Bureau. The inventory-to-sales ratio remained unchanged at 1.35 in August, indicating that it would take wholesalers 1.35 months to sell their current stock.

Inventories of durable goods increased by 0.3 per cent, while inventories of nondurable goods decreased by 0.1 per cent.

Attribution: The US Census Bureau