Although wholesaler inventories showed no change from the last reading (a 0.1% m/m increase was forecast), wholesale sales showed a sharp monthly decline of 2.1% (a 0.4% increase was expected). The reading of recessionary data temporarily supported the quotations of US indices.
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Create account Try a demo Download mobile app Download mobile appThe widening spread between inventories and sales is putting increasing pressure on US businesses, raising doubts about the future prosperity of the economy. Source: US Census Bureau
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