September Business Inventories Rise 0.3%
If inventories increased, it likely means trucks have seen an uptick in business to delivery new goods to stores.
A surge in spending during the third quarter forced businesses to rebuild stockpiles. More orders to restock shelves are expected to give the economy a boost in the months ahead, economists and Federal Reserve officials have said recently.
Economists expected no change in inventories, Bloomberg reported.
The inventory-sales ratio, which measures the time goods sit on shelves, held at 1.36 months in September.
Inventories at retailers, reported for the first time today, rose 1% in September after a 0.7% decrease.
Commerce also said inventories at manufacturers, which account for about 40% of the report, fell 0.4% after a 0.3% decrease in August. Sales at factories rose 1.4% after falling 1.7%.
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