Wholesale Inventories Grew In August

WASHINGTON (October 10, 2012)--U.S. wholesalers increased their stockpiles in August, their sales grew for the first time in four months, and the gains could provide a boost to the still-weak economy, the U.S. Commerce Department said Wednesday.

The Commerce Department said wholesalers' stockpiles rose 0.5 percent in August after a 0.6 percent increase in July.

Sales jumped 0.9 percent in August, ending three months of declines.

The sales increase was the biggest one-month gain since February.

Total wholesale inventories stood at $487.5 billion, 26.9 percent higher than the post-recession low hit in September 2009.

Companies typically boost their stockpiles when they anticipate sales will rise in coming months.

Faster restocking helps drive economic growth.

When businesses order more goods, it typically leads to more factory production.

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