Wholesale Inventories Rise 0.8% in June

.S. wholesale inventories rose 0.8% in June, the Commerce Department said Wednesday.

The increase followed a revised 0.9% gain in May that had originally been reported as a 0.8% rise, Bloomberg reported.

Economists expected inventories to rise 0.6%, Bloomberg said.

The inventory-to-sales ratio, which measures the amount of time wholesale goods went unsold, fell to 1.14 months from 1.15 months in May.

That low record suggests wholesalers will continue to restock shelves in coming months, Bloomberg said.

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