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- US wholesale inventories declined more than expected in April
US wholesale inventories declined more than expected in April
Total inventories of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations but not for price changes, were $591.0 billion at the end of April, down 0.5 percent (±0.2 percent) from the revised March level. Total inventories were up 1.6 percent (±1.1 percent) from the revised April 2016 level. The March 2017 to April 2017 percent change was revised from the advance estimate of down 0.3 percent (±0.4 percent)* to down 0.5 percent (± 0.2 percent).
The April inventories/sales ratio for merchant wholesalers, except manufacturers' sales branches and offices, based on seasonally adjusted data, was 1.28. The April 2016 ratio was 1.35.
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