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8/9/2012 2:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Wholesale Inventories Drop in June

Wholesale inventories dropped 0.2% in June as sales decreased, the Commerce Department said Thursday.

The inventories drop followed no change in May. Sales dropped 1.4%, the biggest decline since March 2009.

Durable goods stockpiles rose 0.2% and non-durables fell 0.8%.

Economists projected a 0.3% gain, Bloomberg reported.

Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.

By Transport Topics

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