Wholesale inventories in the U.S. unexpectedly showed moderate growth in October.
According to the U.S. Department of Commerce, the volume of wholesale stocks rose by 0.3% after declining by 0.8% in September. The growth rate was a surprise to experts predicting its fall to 0,5%.
Wholesale stocks rose for the first time since August 2008. Nevertheless, over the same period last year had fallen to 13,5%.
At the same time, sales of wholesale stocks rose in October at 1.2% after rising 1.3% in the previous month.
According to the U.S. Department of Commerce, the volume of wholesale stocks rose by 0.3% after declining by 0.8% in September. The growth rate was a surprise to experts predicting its fall to 0,5%.
Wholesale stocks rose for the first time since August 2008. Nevertheless, over the same period last year had fallen to 13,5%.
At the same time, sales of wholesale stocks rose in October at 1.2% after rising 1.3% in the previous month.
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