U.S. wholesale inventories rise less-than-estimated 0.1%; sales fall 0.7%

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.

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