Wholesale Inventories Rise 0.8%; Sales Jump 1.3%

Wholesale inventories rose 0.8% in September, the Commerce Department said Wednesday.

Wholesale sales jumped 1.3%, Commerce said.

Economists had forecast inventories would rise 0.2%, Bloomberg reported.

The inventory-to-sales ratio dipped to 1.1 months from 1.11 months in August.

Wholesale inventories account for about a fourth of total business stockpiles. Retailers and factories account for the rest.