Economic Report: U.S. wholesale inventories slip in July while sales jump

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Wholesale inventories in the U.S. fell 0.2% in July, the Commerce Department said Friday. It is the second straight monthly decline.

Economists polled by the Wall Street Journal expected a 0.1% fall.

Sales jumped 0.8% in July, completely reversing a 0.8% decline in June. It was the first monthly gain in sales after four straight declines and…

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