Wholesale Inventories Rise 0.6%

Wholesale inventories rose 0.6% in November, while sales jumped 2.2%, the Commerce Department said Thursday.

The inventory reading followed no change in October.

Economists had forecast inventories would rise 0.4%, Bloomberg reported.

The rise in sales left the supplies on hand at a record low of 1.07 months, Bloomberg said.

Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.