Sales of wholesale goods slip in February!
WASHINGTON - April 8, 2011 - Wholesale businesses boosted inventories for the 14th consecutive month but sold fewer cars, pieces of furniture and petroleum products in February, the first decline in 20 months.
The Commerce Department says sales at the wholesale level slipped 0.8% in February, the first setback since June 2009. Inventories rose 1 percent and have been rising for more than a year. The string of inventory gains pushed them to $438 billion, up 13.4% from the low reached in September 2009.
