Economic Buzz: US Wholesale Inventories Rise 0.2% In July

Economic Buzz: US Wholesale Inventories Rise 0.2% In July

Sep 12, 2019 03:09 IST capital market

US wholesale inventories rose by 0.2 percent in July after edging down by a revised 0.1 percent in June, according to a report released by the Commerce Department on Wednesday. The rebound in wholesale inventories came as inventories of non-durable goods climbed by 0.8 percent in July after falling by 0.4 percent in June. Inventories of petroleum products showed a notable increase along with inventories of drugs, farm products, and groceries. On the other hand, inventories of durable goods dipped by 0.2 percent in July after inching up by 0.1 percent in the previous month.

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