Wholesale inventories dipped 0.1% in September, the first decline since 2009, the Commerce Department said Wednesday.
The inventories decrease which followed a revised 0.1% increase in August that was lower than originally estimated.
The September decrease was below economists’ median forecast of a 0.5% gain, Bloomberg reported.
Wholesale sales rose 0.5%, Commerce said.
Durable goods stockpiles climbed 0.4%, led by automobiles, machinery and lumber, Bloomberg said.
Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.
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