Thu, 13 Sep 2012 08:52:49 GMT
U.S. wholesale inventories rise by most in 5 months
Wholesale inventories increased by most in 5 months, overshooting expectations and indicating the Q3 economic growth started on better footing than forecasted. The inventories rose 0.7% in July to $485.2 billion, the Commerce Department reported. Sales unexpectedly dropped 0.1%. Another report showed import prices increased in August on a jump of oil prices, weighing on consumers and boosting inflation.