9/9/2011 10:15:00 AM
Write a Letter to the Editor
Wholesale inventories rose 0.8% in July, the Commerce Department said Friday.
Wholesale sales were flat in July, Commerce said.
The inventories gain, which followed a 0.6% increase in June, was slightly above economistsâ€™ median forecast of a 0.7% gain, Bloomberg reported.
Durable goods stockpiles climbed 1% as automobile and parts imports continued to rise.
Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.
Follow Transport Topics on RSS Twitter Facebook
Â© 2011, Transport Topics Publishing Group. All rights reserved.