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U.S.

Summary Box: Wholesale inventories and sales up

Associated Press
Published | Updated

STOCKPILES RISE: Wholesale inventories rose for the 18th straight month in June. Companies added more autos, machines and computers to their stockpiles.

SALES UP: Sales at the wholesale level rose 0.6 percent in June after posting a 0.3 percent decline in May. Sales have risen in 10 of the past 12 months.

OUTLOOK: Rising sales could give businesses more confidence to keep restocking their shelves. That could boost growth at a critical time when many fear the chances of another recession have increased.