U.S. Wholesale Inventories Rise 0.3% In September

U.S. wholesale inventories rose by 0.3% in September, matching the consensus forecast from economists polled by Dow Jones Newswires, according to U.S. Commerce Department data released Wednesday. Inventories of durable goods, such as autos and machinery, rose 0.8%. Meanwhile, inventories of nondurable goods fell 0.6%. Wholesale sales rose 0.2% in September, following a 0.8% drop in August. At September's sales pace, the inventory-to-sales ratio remained at 1.19. For August inventory growth was revised to 0.6% from a prior estimate of 0.7%.