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The U.S. Commerce Department released wholesale inventories on Friday. Wholesale inventories in the U.S. rose 0.8% in May, beating expectations for a 0.3% gain, after a 0.4% increase in April.
The increase was partly driven by a rise inventories of non-durable goods. Inventories of non-durable goods increased 1.2% in May, while inventories of durable goods gained 0.6%.
Wholesale sales climbed by 0.3% in May, after a 1.7% rise in April.
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