Wholesale sector extends growth streak
Wholesale sales rose 0.6% in December to $76.2 billion, the fifth consecutive monthly increase. Sales increased in five of seven subsectors, representing two-thirds of total wholesale sales. The month was marked by strong movement in four subsectors in particular. Gains in the automobile and automobile parts and accessories subsector, and in the machinery, equipment and supplies subsector were largely offset by lower sales in the food, beverage and tobacco subsector and in the miscellaneous subsector.
Constant dollar sales grew 1.0% in December.
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