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U.S. Wholesale Stockpiles Increase Modestly.

WASHINGTON, Safar 17, 1436, Dec. 9, 2014, SPA -- U.S. wholesale stockpiles rose in October, the government said Tuesday, while sales posted a smaller gain.

The Commerce Department reported that stockpiles at the wholesale level increased 0.4 percent, matching September's figure. Sales inched up 0.2 percent during the month after a flat reading in September and a 0.8 percent drop in August.

The October gain in stockpiles pushed inventories at the wholesale level to a seasonally adjusted $542 billion in October, an increase of 6.8 percent from the level a year ago.

There was a 1.2 percent gain in stockpiles of nondurable goods in October with paper and farm products all showing growth. Stockpiles of durable goods were flat and autos fell by 1.4 percent.

--SPA

22:11 LOCAL TIME 19:11 GMT

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Publication:Saudi Press Agency (SPA)
Date:Dec 9, 2014
Words:153
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