For the month, sales of durable goods were down 0.2 percent, while non-durable goods sales on the wholesale level were down 1.1 percent, largely due to a decline in petroleum sales, which fell 5.5 percent.
Inventory for durable goods rose 0.3 percent, while non-durable goods inventories dropped 0.2 percent at the end of the month.
The inventory-to-sales ratio for June was 1.15, indicating it would take 1.15 months to sell off the inventory in warehouses at the current pace of business activity.
A month ago the inventory-to-sales ratio was 1.34. A year ago, the ratio was 1.3, the department said.
Copyright 2010 United Press International, Inc. (UPI).
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