Merchant wholesalers posted a 1.1% increase in inventories in June, while sales jumped 2.8% in the month, according to data released Friday by the Commerce Department.

Inventories of merchant wholesalers grew to $435.9 billion, following an upwardly revised 0.9% increase to $431.3 billion in May, originally reported as a 0.8% increase to $431.0 billion.

Meanwhile, sales of merchant wholesalers rose to $411.2 billion, following May’s revised 2.2% increase to $399.8 billion, originally reported as a 1.6% rise to $397.4 billion.

Economists polled by IFR Markets predicted a 0.6% increase in wholesale inventories, and 0.8% growth in wholesale sales.

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.