Business inventories were down 1.3% and sales levels fell 3.2% in December, according to Commerce Department data released yesterday.

Business inventories slid to $1.461 billion following a revised 1.1% decline to $1.480 billion in November, originally reported as a 0.7% decrease to $1.485 billion. Thomson Reuters had projected that business inventories would be off 0.8% in the month.

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