The Commerce
Department reported on Wednesday its final estimates showed that the U.S.
wholesale inventories edged up 0.1 per cent m-o-m in August, being marginally worse than the preliminary estimate of a 0.2
per cent m-o-m gain.
Economists had forecast
the reading to remain unrevised at +0.2 per cent m-o-m.
In July,
wholesale inventories rose by 0.2 per
cent m-o-m.
According to
the report, stocks of durable goods jumped 0.3 per cent m-o-m in August, while nondurable
goods inventories slipped 0.1 per cent m-o-m.
In y-o-y terms, wholesale inventories surged 0.6
per cent in August.