A report released by the Commerce Department on Wednesday showed wholesale inventories in the U.S. jumped by more than expected in the month of September.
The Commerce Department said wholesale inventories surged up by 1.4 percent in September after leaping by 1.3 percent in August. Economists had expected inventories to jump by 1.0 percent.
The bigger than expected increase in wholesale inventories came as inventories of durable goods and non-durable goods shot up by 1.3 percent and 1.6 percent, respectively.
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