Wholesale inventories rose 0.2 percent in August which is down from an
initial estimate of 0.4 percent posted late last month. Inventories in
July rose 0.2 percent.
Sales at the wholesale level are subdued,
unchanged in August to keep the stock-to-sales ratio in the sector
unchanged at 1.36. For GDP, wholesale inventories in the first two
months of the third quarter rose roughly in line with the second-quarter
build which would be neutral for the inventory component of
third-quarter GDP.
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