Inventories expected up

September 15, 1992|By Bloomberg Business News

WASHINGTON -- U.S. business inventories rose 0.1 percent in July after gaining 0.6 percent in June, according to the average of 12 forecasts in a Bloomberg survey.

The Commerce Department is scheduled to release its report tomorrow morning.

"Already reported, manufacturers' inventories held steady during July, while wholesalers' drew down their stocks 0.3 percent," said analysts at Fleet Financial Group in Providence, R.I.

"An unexpected 0.7 percent buildup for retailers would result in flat total business inventories for the month," they said.

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