US business inventories rise moderately in August
US business inventories increased moderately by 0.4 percent in August supported by strong sales growth. The rise matches economist expectations as businesses rebuild stocks amid robust domestic demand.
United States business inventories rose 0.4% in August, matching forecasts as businesses rebuilt stocks amid strong consumer spending and AI investment. The moderate increase followed a 0.9% surge in July, per data released by the Commerce Department on Thursday morning. Restocking is expected to help offset a trade drag on third-quarter economic growth.
