US August wholesale inventories revised lower
US wholesale inventories increased less than initially thought in August as robust demand boosted sales. Stocks at wholesalers rose by a downwardly revised 0.5%.
United States wholesale inventories rose 0.5% in August, slowing from an initial 0.7% estimate as robust sales cleared shelves. The downward revision by the Census Bureau follows a 1.4% surge in July. Inventories advanced 6.4% year-over-year in August, reflecting steady rebuilding after five straight quarters of drawdowns.
