US Wholesale Inventories decline less than expected in November

 @ibtimes
on January 09 2009 10:14 AM

FXstreet.com (Barcelona) - Wholesale inventories have declined in November for the third consecutive time, although at a lower than expected extent, according to data released by the U.S. Commerce Department.

From October to November, wholesale inventories have declined 0.6%, following a 1.2% decline in October, revised down from the -1.1% previously estimated. November's decline has, anyway, improved the experts expectations of a 0.8% decrease.

Wholesale sales have plunged 7.1% in November, following a 4.5% decrease in October, revised down from the 4.1% decrease previously estimated.

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