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U.S. Business Inventories Rise More Than Expected In September

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Business inventories in the U.S. rose by more than expected in the month of September, according to a report released by the Commerce Department on Wednesday.

The report said business inventories increased by 0.6 percent in September after rising by 0.4 percent in August. Economists had expected inventories to increase by about 0.3 percent.

Retail inventories jumped by 0.9 percent, while inventories at both manufacturers and merchant wholesalers rose by 0.4 percent.

The Commerce Department also said business sales edged up by 0.2 percent in September following a 0.3 percent increase in August.

While sales by merchant wholesales rose by 0.6 percent, sales by manufacturers ticked up by 0.1 percent and retail sales were unchanged.

Even though inventories rose at a faster rate than sales, the total business inventories/sales ratio came in at 1.29 in September, unchanged from the previous month and the same month a year ago.

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