September 10, 2010
Wholesale Inventories, Sales Up
By Matthew L. Brown
Sales increased and inventories grew for wholesalers in July, according to the U.S. Census Bureau.
Sales hit $350 billion during the month, a 0.6 percent increase over June and a 12.7 percent increase over July 2009.
Durable goods sales were up 14.8 percent from a year earlier. Sales of non-durable goods were up 10.9 percent from last year.
Inventories totaled $405 billion, up 2.5 percent from a year ago.
Durable goods inventories were virtually unchanged from last year. Inventories of metals and minerals were up 2.7 percent and electronic goods inventories were up 2.1 percent.
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