U.S. wholesale inventories in August fell more than previously reported as businesses ran down their stocks of farm goods and clothes, the Commerce Department reported on Friday.

Inventories dropped 0.2 percent during the month, the department said.

A drop in inventory investment weighed heavily on economic growth in the second quarter, and some economists believe the inventory correction is close to running its course.

But stocks have edged lower in the first two months of the third quarter, which could drag on economic growth during the period.