Wholesale Inventories Hit Record Low as Sales Rise

- Wholesale Inventories for October were unch. versus a downwardly revised .6% gain in September.

BOTTOM LINE: Inventories at US wholesalers were little changed in October, Bloomberg reported. However, sales rose .7%. The rise in sales brought the supply of stockpiles down to an all-time low of 1.09 months worth at the current sales pace. I continue to believe inventory rebuilding will help boost overall US growth over the intermediate-term as companies gain confidence in the sustainability of the current expansion.