Investing.com - U.S. business inventories rose more-than-expected in September, official data showed on Wednesday.
In a report, the U.S. Census Bureau said that wholesale inventories inched up by 0.6% in September, compared to expectations for a 0.3% gain.
Business inventories rose by 0.4% in August, whose figure was upwardly revised from a previously reported 0.3% increase.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.04% to trade at 1.3532.
Meanwhile, U.S. equity markets remained higher. The Dow Jones Industrial Average rose 0.1%, the S&P 500 index added 0.15%, while the Nasdaq Composite index inched up 0.15%.
In a report, the U.S. Census Bureau said that wholesale inventories inched up by 0.6% in September, compared to expectations for a 0.3% gain.
Business inventories rose by 0.4% in August, whose figure was upwardly revised from a previously reported 0.3% increase.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.04% to trade at 1.3532.
Meanwhile, U.S. equity markets remained higher. The Dow Jones Industrial Average rose 0.1%, the S&P 500 index added 0.15%, while the Nasdaq Composite index inched up 0.15%.