Wholesale Inventories Rise in July
Washington, DC, Sept. 12, 2012 -- Inventories at U.S. wholesalers rose in July by the most in five months as sales fell, according to the Commerce Department.
The 0.7% increase came after a 0.2% drop in June.
Wholesalers had enough goods on hand to last 1.21 months, the most since November 2009, the report showed.
Wholesalers’ stockpiles of durable goods increased 0.7%, boosted by machinery, computers, lumber and automobiles.