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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Open account Try 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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