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Department announced on Friday that business inventories rose 0.3 percent m-o-m
in August, following an unrevised 0.1 percent m-o-m advance in July.
That was slightly below economists’ forecast for a 0.4 percent m-o-m increase.
According to the report, stocks at retailers and wholesalers both rose by 0.4 percent m-o-m, while inventories at manufacturers were flat m-o-m.