The U.S. Commerce Department released wholesale inventories on Tuesday. Wholesale inventories in the U.S. rose 0.5% in September, beating expectations for a flat reading, after a 0.3% increase in August. August's figure was revised up from a 0.1% gain.
The increase was mainly driven by a rise in inventories of non-durable goods. Inventories of non-durable goods increased 1.9% in September as farm products jumped 6.7%, while inventories of durable goods fell 0.4%.
Wholesale sales climbed by 0.5% in September, after a 0.9% decrease in August.