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The U.S. Commerce Department released wholesale inventories on Friday. Wholesale inventories in the U.S. rose 0.1% in August, beating expectations for a flat reading, after a 0.3% decrease in July. July's figure was revised down from a 0.1% fall.
The increase was driven by a rise in inventories of durable goods. Inventories of non-durable goods declined 0.2% in August as computer equipment jumped 1.9%, while inventories of durable goods gained 0.3%.
Wholesale sales fell by 1.0% in August, after a 0.3% decrease in July.
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