News
US wholesale inventories climbed 0.7 pct to $485.2 bln, beating
expectations of 0.2 pct, the biggest increase since Feb
The automobile inventories rose 0.4 pct and computer equipment stocks
jumped 3.8 pct, while metals fell 0.7 pct.
Wholesaler sales edged 0.1 pct lower after falling 1.4 pct the prior
month; market expected sales to increase 0.7 pct.
Sales declined with furniture falling 0.5 pct and machinery down 1
pct. Petroleum sales dropped 2 pct, but auto sales increased 0.8 pct.
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