Wholesalers in U.S. Lift Stockpiles at Slower Pace as Sales Fall
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Inventories at U.S. wholesalers rose in May at a slower pace as sales dropped by the most in three years.
The 0.3 percent gain in stockpiles followed a 0.5 percent increase in April that was smaller than previously estimated, the Commerce Department reported today in Washington. Sales decreased 0.8 percent, the biggest decline since March 2009.