U.S. Wholesale Inventories Rise More-Than-Forecast 1.3%; Sales Climb 0.6%

[ProSense]

U.S. Wholesale Inventories Rise More-Than-Forecast 1.3%; Sales Climb 0.6%

Inventories at U.S. wholesalers rose in July by the most in two years as a rebound in demand prompted companies to add to stockpiles.

The 1.3 percent increase in the value of inventories was three times the median estimate in a Bloomberg News survey and followed a 0.3 percent gain the prior month, Commerce Department figures showed today in Washington. Sales at distributors climbed 0.6 percent, the most since April, after falling 0.5 percent.

The amount of goods on hand compared with sales suggests manufacturing gains will be sustained in coming months. Inventory rebuilding, after helping the economy recover from the worst recession since the 1930s, may cool unless consumers pick up the pace of spending.

“Companies showed a willingness to extend themselves a bit more, and that’s a positive,” said Richard DeKaser, chief economist at Woodley Park Research in Washington, whose 0.8 percent forecast was the highest in the Bloomberg survey. “At the same time, inventories are still lean.”

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[WI_DEM]

1. In the last week the economic news has been increasingly postive

too bad it didn't start a couple of months earlier!--hope it continues!!!!!!

[Clio the Leo]

3. I think this is one of the reasons he didn't ramp up the campaign rhetoric until now...

.... that and the fact he knows as well as anyone how short any given news cycle is.

But as long as the jobs numbers were in the tank, didn't matter what he did .... and the census was skewing the numbers. No point doing stump speeches with that looming over him.

[impik]

2. Things are getting better, i wish it happened couple of months back, but

really, Americans should be seriously stupid to go back now.

[Peacetrain]

4. The hard core right and leaning right moderates,, we were not going to move

with anything.. they have a different agenda..and if it hurts the country.. so be it.

But the middle undecided and left leaning moderates.. I think this will bolster them..