Inventories Up 0.1%, Sales Fall 0.7% in June

WASHINGTON — Wholesale inventories increased 0.1% in June as wholesale sales declined for the second month in a row, the Commerce Department reported Tuesday.

Wholesale sales dropped 0.7% following a 0.5% decrease in May. Sales had increased for 15 consecutive months going back to March 2009 before May’s decrease.

Economists expected wholesale inventories to increase 0.4% and for sales to increase 0.5%, according to the median estimate from Thomson Reuters.

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