9 August 2001, 12:12  US June wholesale inventories -0.2%; sales -0.9%

Washington, Aug. 8 (BridgeNews) - U.S. wholesale merchants pared back inventories 0.2% in June, marking the first decline in wholesale stocks since February. Wholesale sales dropped an even sharper 0.9%, raising the stock-to-sales ratio to the highest level since February 1999. The decline in wholesalers' inventories partly offsets a revised 0.3% rise in May, according to U.S. Department of Commerce figures.

© 1999-2022 Forex EuroClub
All rights reserved