U.S. wholesale inventories rise slightly more than initially estimated

U.S. wholesale inventories rose slightly more than initially thought in August. The Commerce Department said on Wednesday wholesale inventories rose 1.0 percent instead of the 0.8 percent initially reported last month. Stocks at wholesalers in July rose 0.6 percent. Inventories rose 5.3 percent year-over-year as of August. The component of wholesale inventories that goes into the calculation of gross domestic product growth rose 0.7 percent in August. Read more: