Inventories US companies record second monthly increase in a row in August

0
0
Inventories US companies record second monthly increase in a row in August




Archive image of warehouse workers reviewing inventory at an ABT Electronics facility in Glenview


© Reuters/RICHA NAIDU
Archive image of warehouse workers reviewing inventory at an ABT Electronics facility in Glenview


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)

LEAVE A REPLY

Please enter your comment!
Please enter your name here