U.S. wholesalers restocked at a slow pace in October.
Wholesale inventories fell by a seasonally adjusted 0.5% in October from the prior month, the Commerce Department said Friday. Economists surveyed by The Wall Street Journal had expected a 0.4% decline.
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Sales in October were up 0.7% from a month earlier. The ratio of inventories to sales fell in October to 1.25 from 1.30 a year earlier. The October figure was the lowest level for the ratio in nearly three years.
The Commerce Department data are available online at:
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(END) Dow Jones Newswires
December 08, 2017 10:19 ET (15:19 GMT)