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.

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