“U.S. wholesale inventories recorded their biggest decline in nearly 1-1/2 years in February as petroleum stocks tumbled and overall sales rose solidly, which could see first-quarter growth estimates shaved.
The Commerce Department said on Tuesday wholesale inventories fell 0.3 percent, the largest drop since September 2011, after a revised 0.8 percent rise in January.
Economists polled by Reuters had expected stocks of unsold goods at U.S. wholesalers to rise 0.5 percent after a previously reported 1.2 percent increase in January….”
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