Business inventories rose 0.3% in June, a faster pace than the previous month, the Commerce Department said Friday.
The increase followed a revised 0.2% increase in May. Sales fell 0.6% following a revised 1.2% decline.
Economists had forecast inventories would rise 0.2%, Bloomberg reported.
Factory inventories fell 0.1%, while wholesale stockpiles gained 0.1%. Sales at manufacturers fell 0.7%, while wholesalers’ sales fell 0.7%.
When sales are growing, it usually means trucking is seeing additional demand to deliver goods and restock shelves.
Transport Topics