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U.S. Wholesale Inventories Decrease by 1.4% in June

Wholesale inventories in the United States declined by 1.4% in June, according to data by the U.S. Department of Commerce on Friday.

Wholesale inventories were expected to decline by 2%, according to initial estimates after falling by 1.2% in May.

Moreover, goods imports saw their biggest increase in more than five years.

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