Wholesale Inventories Rise in May

Washington, DC, July 11, 2012 -- U.S. wholesale inventories rose 0.3% in May to $484.1 billion, according to the Commerce Deparment.

Meanwhile, sales fell 0.8% to $409.6 billion.

Inventories of durable goods rose 0.6% in May, while inventories of nondurables decreased 0.2%.