Wholesale Inventories Fall 1.4%

Wholesale inventories fell 1.4% in December, the Commerce Department said Tuesday.

The decline followed a revised 0.9% downturn in November, Commerce said. Sales fell 3.6%, following a record 7.3% decline

The decline was twice than the 0.7% drop forecast by economists, Bloomberg reported.

Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.