WASHINGTON (MarketWatch) – U.S. wholesale inventories decreased by 0.1% in July, while wholesale sales dropped 0.3%, the Commerce Department said Thursday. Inventories of durable goods advanced 0.1%, but inventories of nondurable goods such as groceries and clothing fell 0.5%. At July’s sales pace, the inventory-to-sales ratio was unchanged at 1.30 months. The increase in inventories in June, meanwhile, was revised down to show a 0.7% gain instead of 0.9%.
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