July 9, 2009
Wholesale trade sales rose in May
Merchant wholesale trade sales rose marginally in May, while inventories declined 0.8 percent, the U.S. Census Bureau said Wednesday.
Trade sales, adjusted for seasonal variations, rose 0.2 percent in the month to $311.3 billion.
The Census Bureau said it would now take 1.29 months to sell the inventory wholesalers have built up, down from 1.31 months in April.