In March, US wholesale inventories declined by 0.4%, contributing to slower economic growth in Q1 2021.

In March, US wholesale inventories declined by 0.4% as initially estimated, according to the Commerce Department's Census Bureau. This drop in inventory contributed to slower economic growth in the first quarter of 2021. Excluding automobiles, wholesale inventories decreased by 0.5%, which is a component of GDP calculations. Sales at wholesalers declined by 1.3% in March after increasing by 2.0% in February.

May 08, 2024
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