Wholesale Inventories Rise in October

Washington, DC, Dec. 8, 2011 --  U.S. wholesale inventories rose 1.6% in October to a seasonally adjusted level of $470.2 billion, and September inventories were revised higher to a flat reading, the Commerce Department said.

Compared to a year ago, inventories are up 10.9% at the wholesale level.

Nondurable goods, namely farm products and petroleum, drove the gains with a 2.8% advance but durable goods inventories also rose, advancing 0.8%.