By Ed FranklU.S. business inventories rose in September at the same rate as the prior month, suggesting businesses investment could be recovering moderately as inflation eases. Inventories rose by an adjusted 0.4% in September, the same as the rate in August, data from the U.S. Commerce Department showed Wednesday. Inventories rose by 0.9% on month at retailers and by 0.2% at manufacturers, with wholesalers also seeing inventories grow 0.2%, according to the Commerce Department's figures. Motor vehicle and parts inventories grew 2.1%, while excluding them inventories grew 0.4%. Write to Ed Frankl at edward.frankl@wsj.com(END) Dow Jones NewswiresNovember 15, 2023 10:33 ET (15:33 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal November 16, 2023 03:44 UTC