A Stern Glance

Wholesale inventories fell for a ninth consecutive month in May as businesses struggle to trim stockpiles amid the longest recession since World War II.

The Commerce Department reported today that inventories dipped 0.8 percent in May, slightly smaller than the 1 percent decline economists had expected.

Sales at the wholesale level posted a 0.2 percent rise in May, better than the expected flat reading. It was the best showing for sales since a similar rise in February.