Wholesale sales fall in November
Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 1.8% in November to $84.4 billion. This is the second-largest decline in the past two years. The drop in sales reflected a steep decrease in sales in the motor vehicle and motor vehicle parts and accessories subsector. Excluding the automotive subsector, wholesale sales rose 0.1%.
Sales fell in four of seven subsectors, representing 44.5% of the wholesale trade sector (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain).
In volume terms, wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain) fell 2.3%.
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