Merchant wholesalers posted a 0.7% decrease in inventories in January, while sales dropped 2.9% in the month, according to data released yesterday by the Commerce Department.

Inventories of merchant wholesalers slid to $424.2 billion following a revised 1.5% decrease to $427.3 billion in December, originally reported as a 1.4% decrease to $427.5 billion.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.