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9/12/2012 10:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Wholesale Inventories Rise 0.7%

Wholesale inventories increased 0.7% in July, the most in five months, while sales slipped 0.1%, the Commerce Department said Wednesday.

The gain followed a 0.2% decline in June. Durable and non-durable goods stockpiles each rose 0.7%.

Economists had called for 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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