US wholesale inventory growth in September was the fastest since February this year, mainly driven by non-durable goods. According to data from the US Department of Commerce on Thursday, commodity wholesalers' inventories increased 0.5% month-on-month in September, and the market expects only a slight increase of 0.1% in September. The indicator is a component of calculating US GDP. It was originally scheduled to be released on November 6, but was delayed due to the federal government shutdown. Non-durable goods inventories jumped 0.7% month-on-month in September, completely offsetting the 0.1% decline in August. Among them, drug inventories increased 1.9% month-on-month, groceries increased 0.5%, and clothing decreased 0.9%. Durable goods inventories increased 0.3% month-on-month in September, reversing the 0.1% month-on-month decline in August. The increase was mainly due to rising inventories of electrical equipment, machinery, computers and hardware products, while inventories of automotive products remained flat. The inventory sales ratio, which measures the number of months required for wholesalers to sell out current inventory, is 1.29, up from 1.28 in August.

US wholesale inventory growth in September was the fastest since February this year, mainly driven by non-durable goods. According to data from the US Department of Commerce on Thursday, commodity wholesalers' inventories increased 0.5% month-on-month in September, and the market expects only a slight increase of 0.1% in September. The indicator is a component of calculating US GDP. It was originally scheduled to be released on November 6, but was delayed due to the federal government shutdown. Non-durable goods inventories jumped 0.7% month-on-month in September, completely offsetting the 0.1% decline in August. Among them, drug inventories increased 1.9% month-on-month, groceries increased 0.5%, and clothing decreased 0.9%. Durable goods inventories increased 0.3% month-on-month in September, reversing the 0.1% month-on-month decline in August. The increase was mainly due to rising inventories of electrical equipment, machinery, computers and hardware products, while inventories of automotive products remained flat. The inventory sales ratio, which measures the number of months required for wholesalers to sell out current inventory, is 1.29, up from 1.28 in August.