Wholesale Inventories Rise 0.8% in September

November 9, 2006 10:00 AM, EST

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.S. wholesale inventories rose 0.8% in September, as sales fell by the most since April 2003, the Commerce Department said Thursday.

The increase followed a revised 1.2% gain in August, Bloomberg reported.

Economists expected inventories to rise 0.5%, Bloomberg said.

Wholesale sales fell 1.2% in September after a 0.7% gain in August, Commerce said.

The inventory-to-sales ratio, which measures the amount of time wholesale goods went unsold, increased to 1.18 months in September from 1.16 months in August.

Wholesale inventories account for about a fourth of total business stockpiles. Retailers and factories account for the rest.

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