The Commerce
Department announced on Thursday its final estimates showed that the U.S.
wholesale inventories decreased 0.2 per cent m-o-m in September, being marginally worse than
the preliminary estimate of a 0.1 per cent m-o-m drop. That marked the first decrease in
inventories since March (-0.5 per cent m-o-m).
Economists had predicted
the reading to remain unrevised at -0.1 per cent m-o-m.
In August,
wholesale inventories rose by 0.2 per
cent m-o-m (revised from +0.1 per cent m-o-m).
According to
the report, stocks of durable goods fell 0.5 per cent m-o-m in September, while
nondurable goods inventories advanced 0.3 per cent m-o-m.
In y-o-y terms, wholesale inventories gained 0.3
per cent in September.