The Census Bureau's June wholesale inventory number shows that wholesalers increased their inventories by just 0.6% in June, well below the 1% increase that analysts and economists had been anticipating. The bureau also downwardly revised May’s wholesale inventory figure from 1.8% to 1.7%.

The question is, what do these numbers, which were released Wednesday and are based on interviews with 34 economists, mean to the economy and investors?

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