Wholesale inventories up more than expected

Jobless claims fall with average for one month declining to eight-year low


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...

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