US wholesale inventories decline 0.5% in June

By Ovunc Kutlu

ISTANBUL (AA) - US wholesale inventories fell 0.5% in June, compared to the previous month, according to the Commerce Department final figures released Tuesday.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, was at $905.2 billion at the end of June, it said in a statement.

The preliminary figure for June was estimated at $908 billion -- a decline of 0.3%, according to figures released July 27.

The May figure was revised from a decline of 0.3% to a decrease of 0.4%.

Annually, wholesale inventories in June were up 1.3% compared to the same month last year.