With increases in manufacturing and wholesale inventories partly offset by a dip in retail inventories, the Commerce Department released a report on Thursday showing U.S. business inventories rose by slightly less than expected in the month of October.
The Commerce Department said business inventories rose by 0.3 percent in October after inching up by a revised 0.2 percent in September.
Economists had expected business inventories to climb by 0.4 percent, matching the increase originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.