MW: Inventories at U.S. wholesalers rise 1.3% in July
By Ruth Mantell
WASHINGTON (MarketWatch) -- Inventories at U.S. wholesalers rose 1.3% in July, the fastest pace since 1.5% in July of 2008, the Commerce Department reported Friday. Meanwhile, sales of wholesalers rose 0.6%, the biggest gain since 0.9% in April. Inventories of durable goods rose 1% in July, while inventories of nondurable goods rose 1.7%. Sales of durable goods rose 0.5%, and gained 0.6% for nondurables. Over the past year, inventories are up 2.5%, and sales are up 12.7%. In June, inventories rose 0.3%, while sales fell 0.5%.
