US wholesale inventories revised up in September
US wholesale inventories rose by a revised 0.7 percent in September. Strong gains in electrical goods and hardware inventories supported economic growth.
United States wholesale inventories rose 0.7% in September, revised up from an initial 0.6% estimate, driven by surging demand for electrical goods. This follows a 0.6% increase in August and outpaces historical averages for the sector. The data highlights robust corporate spending on artificial intelligence infrastructure as a primary driver of economic resilience.
