US wholesale inventories fall 0.1% in July

By Ovunc Kutlu

ISTANBUL (AA) - US wholesale inventories decreased by 0.1% in July, compared to the previous month, according to the Commerce Department figures released Wednesday.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, was at $903.1 billion at the end of July, it said in a statement.

The figure for June was $904 billion, which was revised from a contraction of 0.5% to a decline of 0.7%.

Annually, wholesale inventories in July were up 0.5%, compared to the same month last year.