US wholesale inventories inched up by 0.1 percent in June after rising by 0.3 percent in May, according to a report released by the Commerce Department on Thursday. The uptick in wholesale inventories reflected an increase in inventories of durable goods, which climbed by 0.8 percent in June following a 0.3 percent increase in May. Notable increases in inventories of metals, miscellaneous durable goods and lumber more than offset a steep drop in automotive inventories. Meanwhile, the report said inventories non-durable goods slumped by 1.0 percent in June after rising by 0.4 percent in May.
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