The Commerce Department announced on Wednesday its preliminary estimate showed that the U.S. wholesale inventories rose 0.8 percent m-o-m in June after a revised 1.3 percent m-o-m advance in May (originally a 1.1 percent m-o-m gain).

According to the report, durable goods inventories increased 1.2 percent m-o-m in June, following a 1.4 percent m-o-m climb in the previous month. Meanwhile, nondurable goods inventories edged up 0.1 percent m-o-m after a 1.2 percent m-o-m jump in May.

In y-o-y terms, wholesale inventories surged 10.2 percent in June.