Wholesale Inventories Rise in August

October 10, 2007 3:00 PM, EDT

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Wholesale inventories rose 0.1% in August, the Commerce Department said Wednesday.

Wholesale sales gained 0.4%, the department said.

Economists had forecast inventories would rise 0.3%, Bloomberg reported.

The inventory-to-sales ratio held at 1.11 for a fourth month.

Wholesale inventories account for about a fourth of total business stockpiles. Retailers and factories account for the rest.

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