Wholesalers Cut Inventories, Raised Sales in Feb.

The latest wholesale trade report surprised experts, as it indicated that wholesalers are more in sync now with the rest of the economy. Wholesalers had cut inventories by 1.5 percent from the previous month’s levels in February, more than double of what Wall Street experts predicted. Since lower holiday sales led to more leftover goods than expected, cutting such excess inventory over the past few months became a necessary step toward economic recovery. “It’s easy to see this reduction as an... Read more »