U.S. Wholesale Inventories Fall for Sixth Straight Month in August

Wholesale inventories in the U.S. fell 0.1% in August, marking the sixth straight monthly decline.

The drop matched economist expectations and advance estimates.

Inventories of motor vehicles rose 2.1% in August after a 0.3% gain in July.

Wholesale sales rose 1.8% in August following four months of declines.

The inventory-to-sales ratio fell to 1.36 months, the lowest level since October 2021, indicating it has been easier for companies to sell their products.