WASHINGTON – U.S. companies boosted their inventories by a small amount in September, while their sales increased by the most in three months.
The Commerce Department says business inventories edged up 0.1 percent in September, slower than the 0.2 percent gain seen in August. The turnover increased by a solid 0.7 percent, double the 0.3 percent rise in August. It was the best result since a 1 percent gain in June.
The profit of the sale was proof that the economy to strength after a slow period at the beginning of the year. The overall economic growth, as measured by the gross domestic product, increased with an annual growth rate of 2.9 percent in the July-September quarter, double the 1.4 percent GDP gain in the second quarter. Economists expect that the growth this quarter.