Wholesale inventories unchanged month on month in the US

According to data released by a government department, wholesalers did not add to their inventory this month after increasing stock by 0.3% last month. Sector-wide sales fell 0.4% in the month, the most significant movement since January 2016.

The latest results suggest headwinds affecting the industry, which has been affected by low oil and gas prices. Petroleum wholesalers reduced their inventory by an average of 1.2% in the period…

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