Wholesale Inventories, Sales Rise in August
Washington, DC, Oct. 10, 2012 -- Wholesale inventories rose in August and wholesale sales posted the first gain in four months, according to the Commerce Department.
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Total wholesale inventories gained 0.5% to $487.5 billion, the government said.
Economists had expected inventories to rise 0.5% after advancing by 0.6% in July.
Sales at wholesalers rose 0.9%, the first increase since April.