August 11, 2009
Wholesale Inventories Down 10%
By Matthew L. Brown
Wholesale inventories were $393.9 billion in June, down 1.7 percent from the previous month and down 10.3 percent from a year ago, according to the U.S. Census Bureau.
May's preliminary estimate was revised downward $1.4 billion or 0.4 percent. End-of-month inventories of durable goods were down 1.5 percent from last month and down 10.4 percent from last June.
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