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Highlights
Inventory growth in the wholesale sector slowed in June to 0.6 percent for the lowest rate of the year which is welcome news given the slowdown in sales. Sales at the wholesale sector also rose 0.6 percent in the month to leave the stock-to-sales ratio unchanged at 1.16. Inventory growth in the manufacturing sector, data previously released with the factory orders report, also slowed in June. With only retail inventory data for June still yet to be reported, business inventories for the second quarter look to expand at the same 2.8 percent quarterly rate as they did in the first quarter. The business inventories report will be posted Friday.
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