{"id":1678058,"date":"2022-10-07T10:50:50","date_gmt":"2022-10-07T14:50:50","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1678058"},"modified":"2022-10-07T10:51:39","modified_gmt":"2022-10-07T14:51:39","slug":"u-s-wholesale-inventories-unrevised-in-august","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-wholesale-inventories-unrevised-in-august\/","title":{"rendered":"U.S. wholesale inventories unrevised in August"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-wholesale-inventories-unrevised-in-august%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1678058&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>WASHINGTON (Reuters) \u2013     U.S. wholesale inventories increased strongly in August amid a stagnation in sales, a potential sign of an unwanted build-up of goods as higher interest rates dampen demand, which could hurt the economy in the coming year.<\/p>\n<p>The Commerce Department said on Friday that wholesale inventories jumped 1.3% as reported last month. Stocks at wholesalers rose 0.6% in July. August\u2019s increase was in line with economists\u2019 expectations. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Economists polled by Reuters had expected August inventories would be unrevised. Wholesale inventories increased 25.0% in August on a year-on-year basis. Inventories are a key part of gross domestic product.<\/p>\n<p>Wholesale motor vehicle inventories accelerated 5.1% after 2.5% in July. Wholesale inventories, excluding autos, increased  0.9% in August. This component goes into the calculation of GDP and suggested that inventory investment could provide a lift to economic growth in the third quarter.<\/p>\n<p>A sharp slowdown in the pace of inventory accumulation in the second quarter relative to the January-March quarter\u2019s brisk rate weighed on GDP last quarter. The economy contracted at a 0.6% annualized rate in the second quarter after shrinking at a 1.6% pace in the January-March period.<\/p>\n<p>An unwanted accumulation of inventory is bad for the economy as it reduces the incentive for businesses to order more stock, undercutting manufacturing.  <\/p>\n<p>Sales at wholesalers edged up 0.1% in August after falling 1.5% in July. At August\u2019s sales pace it would take wholesalers 1.31 months to clear shelves, up from 1.29 months in July.<\/p>\n<p> (Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/u-s-wholesale-inventories-unrevised\/attachment\/a-delivery-worker-loads-trucks-with-totes-packed-with-groceries\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI960RK-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI960RK-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON (Reuters) \u2013 U.S. wholesale inventories increased strongly in August amid a stagnation in sales, a potential sign of an unwanted build-up of goods as higher interest rates dampen demand,<\/p>\n","protected":false},"author":66,"featured_media":1894571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1678058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1678058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1678058"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1678058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1894571"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1678058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1678058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1678058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}