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Wholesale Inventories Fell 1.7% In June

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Wholesale inventories fell by much more than expected in the month of June, according to a report released by the Commerce Department on Tuesday, although the report also showed a modest increase in wholesale sales.

The report showed that wholesale inventories fell 1.7 percent in June following a revised 1.2 percent decrease in May. Economists had expected inventories to fall 0.9 percent compared to the 0.8 percent drop originally reported for the previous month.

Wholesale inventories fell by much more than expected in the month of June, according to a report released by the Commerce Department on Tuesday, although the report also showed a modest increase in wholesale sales. (Market News Provided by RTTNews)

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