Wholesale Inventories Edge Up in October

Washington, DC, Jan. 10, 2012 -- U.S. wholesale inventories rose less than expected in November as distributors worked to keep up with demand, according to the Commerce Department.

The 0.1% increase in inventories followed a 1.2% revised gain in October.

Economists projected a 0.5% rise.

Wholesalers’ inventory of durable goods increased 0.1% in November. Inventories of automobiles fell 1.7%, the biggest drop since April.