Wholesale inventories rise more than expected in August

• August Wholesale Inventories: +1.2% to $731.1B vs. +0.6% consensus, +0.6% in July.
• Total inventories of merchant wholesalers were $731.1B at the end of August, up 1.2% from the revised July level.
• August inventories/sales ratio for merchant wholesalers, except manufacturers’ sales branches and offices, based on seasonally adjusted data, was 1.23 vs. 1.20 in July and 1.32 in August 2020.