Wholesale sales decline in July
Following two consecutive months of record-high sales in May and June, wholesale sales fell 0.6% in July to $80.2 billion. Declines in the personal and household goods subsector led the losses for July, followed by the building material and supplies, and the motor vehicle and motor vehicle parts and accessories subsectors. Sales fell in five of seven subsectors, which represented 63% of wholesale sales.
Constant dollar sales fell 1.0% in July.
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