WASHINGTON – U.S. wholesalers restocked at a modest pace in July.
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Wholesale inventories grew a seasonally adjusted 0.6% in July from the prior month, the Commerce Department said Friday. Economists surveyed by The Wall Street Journal had expected a 0.4% increase.
Sales in July were down 0.1% from the revised June level. The ratio of inventories to sales fell to 1.30 in July from 1.33 a year earlier.
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(END) Dow Jones Newswires
September 08, 2017 10:18 ET (14:18 GMT)