US Wholesale Inventories Rise in September

Wholesale inventories in the United States increased more than initially estimated during the month of September, data showed on Friday.

US wholesale inventories went up by 0.4% in September, in contrast to an initial estimate of a 0.1% decline.

This also follows an increase of 0.5% in August, according to data by the US Department of Commerce.

The contribution of wholesale inventories to the gross domestic product (GDP) increased by 0.4% in September.

Meanwhile, on an annual level, inventories declined by 3.9% in September 2020, compared with its level in September 2019.