Retailers increase inventories ahead of holiday shopping
Inventories in the United States rose more than forecast in September as companies stocked shelves ahead of the holiday season. The 0.9 percent increase matched the rise in August, which was larger than previously estimated, the U.S. Commerce Department said today. Companies had enough goods on hand to supply 1.27 months’ worth of sales at September’s pace, the same as in the prior month. Inventory replenishment, a major driver in the early part of the economic recovery, is continuing at a stronger-than- forecast pace, Bloomberg said.
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