Wholesale inventories rise 0.6 percent in July, beating 0.4 percent forecast

• Wholesale inventories rise 0.6 percent in July.
• Economists expected wholesale inventories to rise 0.4 percent.

A worker uses a forklift to load a delivery truck with MillerCoors beverages at the Stagnaro Distributing facility in Cincinnati, Ohio.

Luke Sharrett | Bloomberg | Getty Images

U.S. wholesale inventories rose more than expected in July, nearly matching its biggest gain in six months recorded in June.

The Commerce Department reported an 0.6 percent increase in wholesale inventories in July, more than the 0.4 percent increase expected by economists polled by Reuters. The department reported last month that wholesales inventories jumped 0.7 percent in June.

Businesses have been carefully managing inventory amid sluggish domestic demand.

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