U.S. Wholesale Inventories Rose 0.1% in June, Sales Fell 0.7%
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Inventories at U.S. wholesalers rose less than forecast in June as companies kept stockpiles in line with slowing demand.
The 0.1 percent increase in the value of inventories followed a 0.5 percent gain the prior month, the Commerce Department said today in Washington. Sales at distributors dropped 0.7 percent, the most since March 2009, after a 0.5 percent decrease.