Published April 09, 2009, 07:56 AM
Wholesalers cut inventories
Wholesalers cut their inventories in February by the steepest amount in more than 17 years, while sales rose for the first time since the summer, encouraging signs that companies may be getting their inventories under control.
WASHINGTON (AP) — Wholesalers cut their inventories in February by the steepest amount in more than 17 years, while sales rose for the first time since the summer, encouraging signs that companies may be getting their inventories under control.
The Commerce Department said Wednesday that wholesale inventories dropp-ed 1.5 percent in February, the most on records dating to January 1992 and more than double analysts’ expectations.
Tags: business, wholesale, wholesalers, inventory, reduction, cut, economy
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