April 9, 2013
WASHINGTON - U.S. wholesalers cut their restocking in February by the most in 17 months. But their sales jumped, suggesting companies underestimated consumer demand.
The Commerce Department says stockpiles at the wholesale level declined 0.3 percent in February from January, the biggest decline since September 2011.Farm products and gasoline led the drop. Agriculture stockpiles have fallen in recent months because of a drought in the Midwest.
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