US WHOLESALE inventories rose by the most in four months in August, a sign the US economy may have grown more than expected in the third quarter.
The Commerce Department said on Thursday wholesale inventories increased 0.7 per cent during the month after a 0.3 per cent gain in July, which was larger than initially estimated.
Economists polled by Reuters had expected a smaller increase in August.
Inventories are a key component of gross domestic product changes. The component that goes into...