Wholesale inventories downInventories at the wholesale...


March 10, 1994

Wholesale inventories down

Inventories at the wholesale level fell in January for the first time since last October, while business sales increased, the Commerce Department said yesterday.

The 0.4 percent decline in inventories, to a seasonally adjusted $215.59 billion, was the first drop in stocks of unsold goods since a slight 0.1 percent fall last October. Sales rose 0.8 percent, to a seasonally adjusted $162.66 billion, in January, after falling 0.4 percent in December.

Among the industries with the biggest declines in January inventories was auto manufacturing. Stocks of new cars and parts fell 1.3 percent.

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