Business Inventories Climb 0.3% in May

“WASHINGTON (Reuters) – Business inventories rose in May as motor vehicle dealers restocked to meet demand, although sales at companies edged lower for the second straight month, the Commerce Department said on Monday.

Inventories increased 0.3 percent to $1.58 trillion, after rising by an downwardly revised 0.3 percent in April.

Economists polled by Reuters had forecast inventories rising 0.2 percent in May.”

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