US wholesale inventories fall 0.1% in August

By Ovunc Kutlu

ISTANBUL (AA) - US wholesale inventories decreased by 0.1% in August, compared to July, according to the Commerce Department's advanced figures released Friday.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, was at $901.2 billion at the end of August, it said in a statement.

The market expectation for wholesale inventories was to show a gain of 0.1% last month.

The figure for July was $901.9 billion, which was revised from a contraction of 0.1% to a decline of 0.2%.

Annually, wholesale inventories in August were down 0.9%, compared to the same month last year.