Investing.com - U.S. business inventories were flat in June, defying expectations for a modest increase, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that wholesale inventories were flat in June, compared to forecasts for a 0.2% gain.
Business inventories in May were revised to a 0.1% decline from a previously reported drop of 0.2%.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.35% to trade at 1.3253.
Meanwhile, U.S. equity markets were modestly lower after the open. The Dow Jones Industrial Average dipped 0.2%, the S&P 500 index eased down 0.1%, while the Nasdaq Composite index shed 0.2%.
In a report, the U.S. Census Bureau said that wholesale inventories were flat in June, compared to forecasts for a 0.2% gain.
Business inventories in May were revised to a 0.1% decline from a previously reported drop of 0.2%.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.35% to trade at 1.3253.
Meanwhile, U.S. equity markets were modestly lower after the open. The Dow Jones Industrial Average dipped 0.2%, the S&P 500 index eased down 0.1%, while the Nasdaq Composite index shed 0.2%.