Wholesale Inventories Tick Up in August

Washington, DC, October 9, 2015 -- Wholesale inventories rose 0.1% in August, according to the Commerce Department.

Cheaper oil and falling demand for autos and machinery held back the gains.

The government said wholesale sales fell 1%. Sales have declined 4.7% over the past 12 months while inventories have increased 4.1%.

Wholesale inventories are 4.1% above a year ago.