FXstreet.com (Barcelona) - Wholesale inventories have posted a sharply larger than expected increase in September, and consumption kept growing at a fast pace, according to the latest report by the Commerce Department.

Instead of the 0.2% increase expected, wholesale inventories have jumped 0.8% in September to a seasonally adjusted $404.55 billion while Augusts reading have gone though a sharp revision to a final 0.7% increase from the 0.1% rise previously estimated.

Wholesale sales have grown 1.3% in September to a seasonally adjusted $366.83 billion after a 0.8% increase in August, revised up from the 0.4% rise previously released.

The inventory to sales ratio, which measures hw many months would it take to empty inventories art the current sales pace, has decreased to 1.10 months, from 1.11 months, the level of the previous four months.