RTTNews - Wholesale inventories fell by much more than expected in the month of June, according to a report released by the Commerce Department on Tuesday, although the report also showed a modest increase in wholesale sales.

The report showed that wholesale inventories fell 1.7 percent in June following a revised 1.2 percent decrease in May. Economists had expected inventories to fall 0.9 percent compared to the 0.8 percent drop originally reported for the previous month.

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