Wholesalers’ stockpiles grow slightly as sales shrink in May
Inventories held by wholesalers rose for a fifth consecutive month in May but sales fell for the first time in more than a year, sending a cautionary signal about the strength of the recovery.
Wholesale inventories increased 0.5 percent while sales dropped 0.3 percent, the Commerce Department said. It was the first decline for sales since March of 2009. Weakness in sales could discourage businesses from boosting their orders. That would translate into a slowdown in factory production.