SUBSCRIBERS

Wholesale inventories unchanged in July

Published Fri, Sep 9, 2016 · 09:50 PM

Washington

US wholesale inventories were unchanged in July as previously reported and sales fell, suggesting a limited boost to economic growth from restocking in the third quarter.

The Commerce Department said on Friday that the flat reading followed a 0.3 per cent increase in June. The department in its recently introduced monthly advance economic indicators report published last month had estimated that wholesale inventories would be unchanged in July.