Wholesale inventories are unchanged in the preliminary reading for June
following a 0.1 percent gain in May. Retail inventories rose 0.5
percent in June vs 0.5 percent also in May. These builds are
constructive, limited on the wholesale side with the retail build in
line with what have been very strong results for retail sales. These
results, together with this morning's data on goods trade, are part of
the government's new "advance economic indicators report".
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