Wholesale Inventories Fall for Eighth Month

Wholesale inventories fell in April for the eighth consecutive month, the Commerce Department said Tuesday.

The 1.4% decline followed a revised 1.8% downturn in March, Commerce said. Wholesale sales fell 0.4%.

Economists had forecast inventories to fall 1.2%, Bloomberg reported.

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