WASHINGTON, Oct 16 (Reuters) – Wholesale inventories in the United States rose in August for the second month in a row, suggesting that restocking could ease the impact on third-quarter economic growth from a growing trade deficit.
The Commerce Department said on Friday that wholesale inventories rose 0.3% in August. Inventories, a key component of Gross Domestic Product, increased 0.1% in July after six months of straight declines.
Economists polled by Reuters had forecast a 0.4% increase in August.
(Report by Lucia Mutikani. Edited in Spanish by Janisse Huambachano)