Business inventories rose 0.4% to $1.66 trillion in July, while sales increased 0.6% to $1.29 trillion, the Commerce Department reported Friday.

The July inventory followed an unrevised 0.1% rise in June. The July inventory figure was stronger than the median 0.2% gain projected by economists polled by Thomson Reuters.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.