US wholesale stockpiles post big gain
US wholesalers boosted their stockpiles in May by the largest amount in six months, the US Commerce Department says.
US wholesalers boosted their stockpiles in May by the largest amount in six months, while sales rose by a modest amount.
THE Commerce Department said on Friday that wholesale stockpiles rose 0.8 per cent, double the gain in April and the largest one-month rise since November. Sales were up 0.3 per cent in May following a 1.7 per cent surge in April. That had been the biggest sales increase in more than a year.
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