Nov 9: Wholesale Inventories Rise

Wholesale Inventories increased by 1.5% in September to $417.0 billion, higher than the expected 0.7% increase, following an increase of 0.8% in August, and are up by 7.9% from a year ago. Wholesale Sales had increased by 0.4% in September to $353.9 billion and were up 11.9% over the year. Sales of durable goods were up 0.2% and sales of nondurable goods were also up 0.6% over the month. The Inventory/Sales ratio was at 1.18, lower than the 1.22 ratio in September of 2009.

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