A report released by the Commerce Department on Thursday showed wholesale inventories in the U.S. increased in line with economist estimates in the month of October.
The Commerce Department said wholesale inventories rose by 0.2 percent in October after climbing by 0.5 percent in September. The uptick matched expectations.
The modest increase in wholesale inventories came as inventories of non-durable goods grew by 0.8 percent, more than offsetting a 0.2 percent dip in inventories of durable goods.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.