June Wholesale Inventories Post Tiny Increase

U.S. wholesale inventories rose less less than forecast in June as companies kept stockpiles in line with slowing demand. The 0.1% increase in the value of inventories followed a 0.5% gain the prior month, the Commerce Department said today in Washington. Economists forecast inventories would increase 0.4%. Sales at distributors dropped 0.7%, the most since March 2009, after a 0.5% decrease. – Bloomberg