Wholesale inventories grow

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Wednesday, October 10, 2012

U.S. wholesalers increased their stockpiles in August.

The Commerce Department said Wednesday that wholesale stockpiles grew 0.5 percent in August after a 0.6 percent increase in July. Sales jumped 0.9 percent in August, ending three months of declines. The sales increase was the biggest one-month gain since February.

Companies typically boost their stockpiles when they anticipate sales will rise in coming months. Faster restocking helps drive economic growth. When businesses order more goods, it generally leads to more factory production.

Read more at OregonLive.com.

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