Economic Growth

Wholesale Inventories Up Less Than Expected

Up .1 percent in July after going down .2 percent in June

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Wholesale inventories in the U.S. increased by less than expected in the month of July, according to a report released by the Commerce Department on Wednesday.

The Commerce Department said wholesale inventories inched up by 0.1 percent in July following a 0.2 percent decrease in June. Economists had expected inventories to rise by 0.3 percent.