Skip to content

Wholesale Inventories Rise 0.6% in June

 Updated:
8/10/2011 10:05:00 AM

Wholesale inventories rose 0.6% in June, the slowest rate in seven months, the Commerce Department said Wednesday.

Wholesale sales also rose 0.6%, Commerce said.

The inventories gain, which followed a 1.7% increase in May, was below economists’ median forecast of a 1% gain, Bloomberg reported.

Durable goods stockpiles rose 1.3%, led by a surge in automobile and parts inventories.

Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.




© 2011, Transport Topics Publishing Group. All rights reserved.

RELATED ARTICLES

Wholesale Inventories Rise 0.6% in June (8/10/2011 10:05:00 AM)
Oil Drops to Five-Month Low Under $90 a Barrel (8/4/2011 4:00:00 PM)
Diesel Fuel Price Rises 2.4¢ to $3.923 a Gallon (7/25/2011 1:05:00 AM)
Diesel Rises 4.9¢ to $3.899; Price Gain First in Four Weeks (7/18/2011 1:05:00 AM)
Business Inventories Rise 1% in May (7/14/2011 10:15:00 AM)
Business Inventories Rise 1% in May (7/14/2011 10:00:00 AM)
 

LATEST NEWS


Click Here!

Emil Estafanous, CPA, CFF, CGMA