RTTNews - Thursday morning, the Commerce Department released its report on wholesale trade in the month of May, showing that wholesale inventories fell by less than economists had been expecting. The report also showed a modest increase in wholesale sales.
The report showed that wholesale inventories fell 0.8 percent in May following a revised 1.3 percent decrease in April. Economists had expected inventories to fall by 1.0 percent compared to the 1.4 drop originally reported for the previous month.
At the same time, the Commerce Department said that wholesale sales edged up 0.2 percent in May after coming in unchanged in the previous month.
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