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WASHINGTON, Oct 15 (Reuters) — US business inventories increased moderately in August amid strong sales growth, government data showed on Thursday. Inventories rose 0.4% after surging 0.9% in July, the Commerce Department's Census Bureau said. The increase in inventories, a key component of gross domestic product and o
(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Workspace/Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMT) The US commerce department's Census Bureau is scheduled
Wholesale inventories increased 0.5% in August, versus an expected 0.7%.
August PCE inflation rose 0.3% month-on-month and 3.4% year-on-year, below expectations. Core PCE rose 0.2% monthly and 3.3% annually, also cooler than predicted. Second-quarter GDP was revised up to a 2.2% annualized rate, while September private sector jobs added by ADP surged to 90,000, exceeding forecasts.
Victoria's Secret said Q2 net sales rose 10% year over year, with operating income and EPS above guidance. It raised fiscal 2026 net sales and adjusted net income per diluted share guidance.