Wholesale Inventories Surge The Most In 5 Years

Read more on this subject: Business/ Commerce
News Story Source: https://www.zerohedge.com, by Tyler Durden
With expectations for an unchanged 0.8% print in wholesale inventories, the latest number came in stronger than expected, printing at 1.0%, and the biggest monthly jump since October 2013.

Meanwhile, alongside the rebound in inventory accumulation ahead of what businesses believe will be a strong Q4, wholesale sales also ticked up, rising from an upward revised 0.2% (originally 0.0%) to 0.8%, also beating the consensus print of 0.5%, and indicating that US businesses are once again humming.

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