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IPFS News Link • Economy - Economics USA

April wholesale inventories fall 1.4 percent

• AP
Wholesalers slashed inventories more than expected in April as businesses struggled to get stockpiles in line with falling sales.

The Commerce Department said wholesale inventories fell 1.4% in April, more than the 1.1% decline that economists expected. It marked the 8th straight month that inventories dropped.

Sales at the wholesale level fell 0.4%

 

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