Wholesale inventories surged ahead of economists’ expectations in July, rising 1.3%, to post the largest increase in stockpiles in two years, the Commerce Department reported Friday.

Wholesale sales rose 0.6% to post the strongest gain in three months, Commerce said.

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.