US WHOLESALE INVENTORIES REVISED LOWER IN AUGUST
- NEWS Desk Global
- Oct 9, 2024
- 1 min read
U.S. wholesale inventories rose less than initially thought in August amid a sharp moderation in the pace of increase in motor vehicle stocks, a trend that if sustained could temper expectations for robust economic growth in the third quarter.
The Commerce Department's Census Bureau said on Wednesday that wholesale inventories edged up 0.1%, revised down from the 0.2% gain estimated last month.
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