U.S. wholesale inventories, sales edge up in July

15:06, September 11, 2010      

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Inventories at the wholesale level gained in July and sales picked up momentum to slow a declining trend, the U.S. Department of Commerce said Friday.

Wholesale inventories rose 1.3 percent in July from the June level and were up 2.5 percent from a year ago, according to the latest figures.

Sales at the wholesale level added 0.6 percent in July from June, and soared 12.7 percent from a year earlier.

Sales of machinery, equipment and supplies surged 3.3 percent in July, a primary boost to the monthly sales gain.

Businesses' incentives of restocking store shelves was a major engine for the manufacturing and economic recovery in the United States.

Source: Xinhua

(Editor:赵晨雁)

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