Wholesale Inventories Rise More Than Expected

Washington, DC, July 8, 2011 -- U.S. wholesale inventories rose more than expected in May, the U.S. Commerce Department said on Friday.

Inventories jumped 1.8% in May, well above forecasts for a 0.7% gain and following an upwardly revised 1.1% rise for April.

Wholesale sales, however, fell 0.2%.