IPFS News Link • Business/ Commerce
Wholesale Inventories Surge The Most In 5 Years
• https://www.zerohedge.com, by Tyler DurdenWith expectations for an unchanged 0.8% print in wholesale inventories, the latest number came in stronger than expected, printing at 1.0%, and the biggest monthly jump since October 2013.
Meanwhile, alongside the rebound in inventory accumulation ahead of what businesses believe will be a strong Q4, wholesale sales also ticked up, rising from an upward revised 0.2% (originally 0.0%) to 0.8%, also beating the consensus print of 0.5%, and indicating that US businesses are once again humming.