FXstreet.com (Barcelona) - Wholesale inventories have posted a weaker than expected increase in August, as demand for their goods increased, according to the latest report by the Commerce Department.
U.S. Wholesale inventories have increased 0.1% in August, totalling $399.02 billion in seasonally adjusted terms, instead of the 0.3% expected. August's reading follows a 0.2% increase posted in July.
One of the main reasons for these relatively short figures, is the 0.4% growth on wholesale sales, that reached a total of $360.92 billion. Sales increased 0.2% in July revised from the initial 0.1%.
Inventories increased 4.4% on the year, while sales grew 6.8% in the last 12 months to August.
The inventory to sales ratio, which measures the amount of months that would take to empty inventories at the present sales pace, remained a t historically low 1.11 for the fourth straight month.