Wholesale Inventories Up More Than Expected

WASHINGTON (Reuters) - Wholesale inventories rose more than expected in April, as durable goods stocks grew the most in nearly a year, a Commerce Department report showed on Friday. Total wholesale inventories increased 0.6 percent to a record $483.5 billion, after an unrevised 0.3 percent gain in March, the department said. Economists polled by Reuters had expected stocks of unsold goods at wholesalers to rise 0.4 percent in April. Inventories are a key component of the government's calculation of gross domestic product. ...

WASHINGTON (Reuters) - Wholesale inventories rose at th

WASHINGTON (Reuters) - Wholesale inventories rose more than expected in February as petroleum recorded the biggest increase in a year, but there were little signs of an unwanted piling up of goods amid rising sales. Total wholesale inventories increased 0.9 percent to a record $478.9 billion, the Commerce Department said on Tuesday, after an upwardly revised 0.6 percent rise in January. Economists polled by Reuters had expected stocks of unsold goods at U.S. wholesalers to rise 0.5 percent in February after a previously reported 0.4 percent gain in January. ...

Inventories held at the wholesale level likely rose in June along with sales. Economists surveyed by Thomson Reuters are looking for inventories held by wholesalers to post a 0.4 percent rise in June with sales at the wholesale level expected to increase 0.5 percent.

Businesses slashed wholesale inventories sharply in December, a much weaker showing than had been expected. The Commerce Department says that wholesale inventories were reduced 0.8 percent in December.

Inventories held by wholesalers surged in July by the largest amount in two years while sales rebounded after two straight declines. Inventories rose 1.3 percent in July, the best performance since July 2008 and triple the increase economists had expected. Sales at the wholesale level increased 0.6 percent.» E-Mail This     » Add to Del.icio.us