Inventories rise 0.9 percent in September

Businesses boosted inventories for a ninth straight month in September while sales rose by the largest amount since July.

Inventories increased 0.9 percent in September while business sales increased 0.5 percent, the Commerce Department reported Monday.

Continued strong gains in inventories and sales are seen as encouraging signs that the economic recovery will continue. Inventory rebuilding has provided critical support as the economy as struggled to emerge from a deep recession.

The 0.9 percent rise in inventories matched the August increase and pushed total inventories to a seasonally adjusted $1.4 trillion in September, the highest level since March 2009.

Read Full Article from Washington Post

- Posted: 2010-11-15 09:20:06

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