US business inventories increase in August ...Middle East

Warehouse workers deal with inventory stacked up to the ceiling at an ABT Electronics Facility in Glenview, Illinois, U.S. December 4, 2018. Picture taken December 4, 2018 /Richa Naidu/File Photo Acquire Licensing Rights WASHINGTON, Oct 17 (Reuters) – U.S. business inventories increased a bit more than expected in August even as sales surged, suggesting inventory investment could provide a lift to economic growth in the third quarter. Business inventories rose 0.4% after edging up 0.1% in July, the Commerce Department said on Tuesday. Economists polled by Reuters had expected inventories to rise 0.3%. Inventories, a key component of gross domestic product, increased 1.0% on a year-

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US business inventories increase in August ...Middle East

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