US wholesale inventories fall 0.3% in June

By Ovunc Kutlu

ISTANBUL (AA) - US wholesale inventories in June fell 0.3% compared to the previous month, according to Commerce Department data released Thursday.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, was estimated at $908 billion.

The May figure was revised downward from unchanged to a decline of 0.3%.

Annually, wholesale inventories in June were up 1.7% compared to the same month last year.