US WHOLESALE JULY INVENTORIES REVISED SLIGHTLY LOWER
NEWS Desk Global
U.S. wholesale inventories increased less than initially thought in July amid a sharp rebound in sales, casting doubt on whether inventory investment would contribute to economic growth in the third quarter.
The Commerce Department's Census Bureau said on Monday that wholesale inventories rose 0.2%, revised down from the 0.3% gain estimated last month. Stocks at wholesalers were unchanged in June.
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