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

Bitcoin Edges Higher Ahead of Fed Rate Decision as Altcoins Retreat

Bitcoin Extends Modest Gains Bitcoin rose slightly in Asian trade on Monday, supported by firm …