Wholesale Inventories in U.S. Rose Less Than Forecast in July
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Inventories at U.S. wholesalers rose less than forecast in July as demand cooled.
The 0.1 percent increase in the value of unsold goods was the first in four months and followed a 0.2 percent drop in June, the Commerce Department said today in Washington. The median forecast in a Bloomberg survey of 26 economists called for a 0.3 percent gain. Sales also rose 0.1 percent after a 0.4 percent advance.