US retail inventories increase 0.8% in September

By Ovunc Kutlu

ISTANBUL (AA) - US retail inventories increased 0.8% in September from the previous month, according to the Commerce Department's Census Bureau advance figure released Tuesday.

The figure, which measures the change in the total value of goods held in inventory by the nation's retailers, was estimated to stand at $824.3 billion.

Retail inventories for August were revised up to a gain of 0.7% from an increase of 0.6%, the agency said in a statement.

Annually, retail inventories were up 6.5% in September, compared to the same month in 2023.