Wholesale sales fall in February, after reaching a record high in January
Wholesale sales declined 1.7% to $85.6 billion in February. Sales fell in five of seven subsectors. The decrease of sales was mainly led by the motor vehicle and motor vehicle parts and accessories and the food, beverage and tobacco subsectors. Excluding motor vehicle and motor vehicle parts and accessories, wholesale sales were down 1.0%. Despite the monthly decrease in the sector, wholesale sales were higher (+7.4%) than in February 2022.
Constant dollar sales fell 1.8% in February 2023.
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