WASHINGTON (AP) - U.S. wholesalers increased in their stockpiles only slightly in July after three monthly declines as their sales improved at the weakest pace in seven months.
The Commerce Department says wholesale stockpiles rose just 0.1 percent in July from June. They had fallen 0.3 percent in June.
Sales also rose a modest 0.1 percent in July, the fourth straight gain.
The tiny gain in restocking follows three months of declines, adding to worries that the July-September quarter is off to a weak start. More restocking boosts factory production and overall economic growth.
The July increase left stockpiles at $500 billion, or 2.2 percent higher from a year ago.