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Business Inventories Rise in June


8/14/2012 10:30:00 AM
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Business inventories rose 0.1% in June, the Commerce Department said Tuesday.

The gain followed a 0.3% increase in May.

Sales fell 1.1%, the largest decrease since March 2009.

Economists had projected a 0.2% rise, Bloomberg reported.

Factory inventories, which make up about two-fifths of the total, increased 0.1%, but wholesale inventories, which make up about 30%, fell 0.2% in June.

When sales are growing, it usually means trucking is seeing additional demand to deliver goods and restock shelves.

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