“WASHINGTON (Reuters) – Wholesale inventories in June recorded their largest drop since September as the value of petroleum stocks fell by the most in more than 3-1/2 years, government data showed on Thursday.
Total wholesale inventories slipped 0.2 percent to $481.9 billion, the Commerce Department said, after being almost flat in May. The percentage decline in June was the largest since September.
Economists polled by Reuters had expected stocks of unsold goods at U.S. wholesalers to rise 0.3 percent after increasing by a previously reported 0.3 percent in May.”
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