Wholesale Inventories Drop

Wholesale inventories fell a preliminary 0.1 percent in August with nondurables down 0.6 percent in what likely reflects price weakness for energy products. Inventories of durables in the wholesale sector rose 0.1 percent in the month. This report also includes preliminary data on retail inventories which rose 0.5 percent in the month and reflecting a 1.0 percent jump in vehicles.