Business inventories were up 0.7% and sales levels rose 1.7% in June, according to Commerce Department data released yesterday.

Business inventories rose to $1.490 billion following an upwardly revised 0.4% increase in May to $1.480 billion, originally reported as a 0.3% gain to $1.479 billion. IFR Markets had projected that business inventories would be up 0.5% in the month.

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