Wholesale Inventories Rose 0.5% in May, Sales Fell
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Inventories at U.S. wholesalers rose in May for a fifth month as companies ensured they had enough goods on hand to keep pace with demand.
The 0.5 percent increase in the value of stockpiles followed a revised 0.2 percent gain the prior month that was smaller than previously estimated, the Commerce Department said today in Washington. Sales at distributors dropped 0.3 percent, the first decline since March 2009, after a 0.9 percent rise in April.