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U.S. wholesale inventories drop less than expected in December

Staff writer |
U.S. total wholesale inventories fell less than expected in December, figures released by the Commerce Department showed.

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Wholesale inventories slipped 0.1% to a seasonally-adjusted $582bn compared with consensus expectations for

a 0.2% drop and a downwardly-revised 0.4% decline the previous month. Although this was a touch better than expected, it marked the third straight month of falls.

Wholesale inventories of durable goods were down 0.3% from November, but up 0.5% compared with the same month in 2014.

Meanwhile, non-durable goods inventories were up 0.1% from November and 4.1% higher compared with the same month a year ago.


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