Mumbai, Dec. 12 -- Wholesale inventories in the U.S. increased by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday.
The Commerce Department said wholesale inventories climbed by 0.5 percent in September after edging down by a revised 0.1 percent in August.
The much bigger than expected increase by wholesale inventories came as inventories of non-durable goods grew by 0.7 percent, while inventories of durable goods rose by 0.3 percent.
Meanwhile, the report said wholesale sales slipped by 0.2 percent in September, matching a revised dip in August.
Sales of durable goods fell by 0.4 percent during the month, more than offsetting a 0.1 percent uptick in sales of non-du...