Home / Market Update / US Business Inventories Rise in September

US Business Inventories Rise in September

Business inventories in the United States grew during the month of September by more than expected, data by the US Department of Commerce showed on Tuesday.

Business inventories increased by 0.7% in September after rising by 0.3% in August.

Meanwhile, retail inventories increased by 1.7% in September, up from an initial reading of a 1.6% rise.

Check Also

ExxonMobil

Oil Giants ExxonMobil and Chevron Face Profit Plunge as Crude Prices Tank

Energy titans ExxonMobil and Chevron reported significant profit declines for the second quarter, driven by …