×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Wholesale | Trade | stockpiles | record

Wholesale Inventories Jump to Record High

Friday, 07 October 2011 10:09 AM

U.S. wholesale inventories rose to a record high in August as automotive stocks were rebuilt but wholesale sales rose much more sharply than expected, a government report showed Friday.

Total wholesale inventories rose 0.4 percent to a seasonally adjusted $464.315 billion, marking a record dollar amount after a July rise of 0.8 percent that had also resulted in a record, the Commerce Department said.

August wholesale sales rose 1.0 percent in a broad-based advance for durable goods that included automotive products, electrical goods and machinery, reaching a record of $401.263 billion after an upwardly revised 0.3 percent rise in July.

Economists polled by Reuters had forecast a 0.5 percent increase in wholesale inventories and a 0.2 percent rise in wholesale sales for August.

The inventory to sales ratio, which measures how quickly inventories would be depleted at the current sales pace, was unchanged at 1.16 months.

© 2022 Thomson/Reuters. All rights reserved.


Economy
U.S. wholesale inventories rose to a record high in August as automotive stocks were rebuilt but wholesale sales rose much more sharply than expected, a government report showed Friday. Total wholesale inventories rose 0.4 percent to a seasonally adjusted $464.315 billion,...
Wholesale,Trade,stockpiles,record
146
2011-09-07
Friday, 07 October 2011 10:09 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved