BUSINESS BRIEFING / THE ECONOMY
- Share via
Times Wire Reports
Wholesalers slashed inventories more than expected in April as businesses struggled to get stockpiles in line with falling sales.
Still, analysts were slightly encouraged because sales fell at a slower pace than in the previous month.
The Commerce Department said wholesale inventories fell 1.4%, more than the 1.1% decline economists expected. It marked the eighth straight month that inventories dropped.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
