Wholesale Inventories Fall in May


Wholesale Inventories Fall in May

Washington, DC, July 10, 2013 — Wholesale inventories fell 0.5% in May, the largest decrease since September 2011, according to the Commerce Department.

However, wholesale sales climbed 1.6%, ahead of expectations.

Economists had expected inventories to increase.

Inventories of durable goods fell 0.3% in May.

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