U.S. wholesale inventories exceed expectations in Oct
WASHINGTON Dec 10 (Reuters) - U.S. wholesale inventories rose more than expected in October, showing little sign of businesses pulling back after they aggressively accumulated stock in the third quarter.
The Commerce Department said on Tuesday wholesale inventories increased 1.4 percent after a revised 0.5 percent rise in September.
Economists polled by Reuters had expected stocks at wholesalers to rise 0.3 percent In October after a previously reported 0.4 percent rise in September. (Reporting by Lucia Mutikani; Editing by James Dalgleish)
- Investigators look for motive in Malaysia plane disappearance |
- Malaysian PM says lost airliner was diverted deliberately |
- Police make third arrest in murder of Colorado socialite
- Democrats seek ways to limit Obamacare fallout after Florida defeat
- Indian Ocean poses daunting challenge in search for missing Malaysia plane