Wholesale Inventories Rise More Than Expected

Washington, DC, Nov. 9, 2012 -- U.S. wholesale inventories rose at the fastest pace this year in September, according to the Commerce Department.

Inventories increased by 1.1% in September from the prior month to a seasonally adjusted $494.15 billion, mostly on increases in durable goods and oil.

Economists had forecast a 0.4% increase during the month.

Wholesale sales rose by 2.0% in September to $413.97 billion.