US wholesale inventories fall 0.2 percent in January vs estimate of 0.1 percent drop

[McFurd]

CNBC - 3/8/2017 - Reuters - U.S. wholesale inventories fell slightly more than previously estimated in January, but inventory investment still was likely to contribute to economic growth in the first quarter. The Commerce Department said on Wednesday wholesale inventories decreased 0.2 percent, the biggest drop since February 2016, after jumping 1.0 percent in December. The department reported last month that wholesale inventories edged down 0.1 percent in January. The component of wholesale inventories that goes into the calculation of gross domestic product - wholesale stocks excluding autos - rose 0.2 percent in January. Read more @ http://www.cnbc.com/2017/03/08/us-whole ... -drop.html