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US Wholesale Inventories Increase Less Than Expected in August
U.S. wholesalers increased inventories at the same pace in August as the prior month. Here are key takeaways from Wednesday's Commerce Department report: --Wholesale inventories rose a seasonally adjusted 0.2% in August from the prior month. Economists surveyed by The Wall Street Journal had expected a 0.4% increase. --Inventories increased 0.2% in July, unrevised from the previously reported gain. --Sales in August were unchanged from a month earlier. --The inventory-to-sales ratio, or how fast supplies would be exhausted at the month's sales pace, was 1.36 in August, up from 1.28 a year earlier.