(Reuters) - The decline, the sharpest since August 2003, followed a
revised growth rate of 2.3 percent in March and 0.9 percent in
February. Analysts had forecast, on average, that wholesale
trade would climb by 0.5 percent.
Wholesalers' inventories swelled by 0.5 percent in April,
which pushed the inventory-to-sales ratio up to 1.28, near a
3-year high, from 1.23 in March.
Read more at Reuters.com Economic News
revised growth rate of 2.3 percent in March and 0.9 percent in
February. Analysts had forecast, on average, that wholesale
trade would climb by 0.5 percent.
Wholesalers' inventories swelled by 0.5 percent in April,
which pushed the inventory-to-sales ratio up to 1.28, near a
3-year high, from 1.23 in March.
Read more at Reuters.com Economic News
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