August inventories up less than expected - WKOW 27: Madison, WI Breaking News, Weather and Sports

August inventories up less than expected

WASHINGTON (AP) -- Government data show businesses increased their inventories in August by the smallest amount in five months, a possible indication of concerns about the slowing economy.

  The Commerce Department reported Wednesday that inventories held by businesses on shelves and backlots rose by 0.3 percent in August, the weakest gain since inventories were up just 0.2 percent in March.

  The increase was below the 0.5 percent rise that economists had expected and sharply lower than the 1.1 percent jump in July.

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