US wholesale stockpiles rise 0.1 percent in July

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Posted: Wednesday, September 11, 2013 12:00 am | Updated: 5:04 pm, Tue Mar 25, 2014.

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.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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