US business inventories rise more than expected in July
U.S. business inventories increased more than expected in July as retailers and wholesalers restocked amid robust demand, with inventories up 0.8% after +0.1% in June.
S. business inventories rose more than expected in July as retailers and wholesalers replenished stock to meet robust demand, pointing to a potential contribution to third-quarter economic growth. 1% gain in June, the Commerce Department's Census Bureau said.