U.S. wholesale inventories rose marginally in May as automobile stocks tumbled, suggesting inventory investment likely remained a drag on economic growth in the second quarter.
The Commerce Department said on Tuesday that wholesale inventories edged up 0.1 percent. Inventories for April were revised up to show a 0.7 percent gain instead of the previously reported 0.6 percent increase.
Economists polled by Reuters had forecast wholesale inventories rising 0.2 percent in May.
