Article updated: 11/9/2012 10:57 AM

U.S. wholesale stockpiles grew 1.1 pct. in September

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U.S. wholesale businesses increased their stockpiles in September at the fastest pace in nine months and their sales jumped by the largest amount in 18 months, the Commerce Department announced Friday, Nov. 9, 2012. The increases point to stronger economic growth.

Associated Press

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U.S. wholesale businesses increased their stockpiles in September at the fastest pace in nine months and their sales jumped by the largest amount in 18 months. The increases suggest the U.S. economy grew faster over the summer than first estimated.