The growth of wholesale orders in the US accelerated in August

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According to the US Department of Commerce, wholesale inventories in the country increased by 1% in August after rising 0.6% a month earlier. In annual terms, the growth of reserves amounted to 5.3%. Expected further growth in wholesale stocks amid high domestic demand could significantly affect US GDP growth in the third quarter. Stocks of cars in August rose by 3.5%, whereas in the previous month their decline was recorded by 1%. The growth of stocks of agricultural products amounted to 4.9%, of equipment - 0.5%, of oil - also 0.5%. Wholesalers in August increased sales by 0.8%.

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