US Wholesale Inventories Rise in October

Wholesale inventories in the United States rose in October, according to data by the Department of Commerce release on Wednesday.

Wholesale inventories rose by 1.1% in October, instead of an initially estimated 0.9%.

On an annual basis, inventories decline by 2.2% in October 2020, compared with the same month of 2019.

The contribution of wholesale inventories to the gross domestic product (GDP) increased by 1.3% in October.