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U.S. stockpiles grew 1.1 percent in September

By The Associated Press

This article was published November 9, 2012 at 9:24 a.m.

— 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 point to stronger economic growth.

The Commerce Department says wholesale stockpiles grew 1.1 percent in September, up from 0.8 percent growth in August.

Sales at the wholesale level jumped 2 percent in September. That was double the August gain and the largest increase since March 2011.

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