U.S. wholesale inventories fall sharply, point to weaker growth

U.S. wholesale inventories fell at their fastest pace in nearly three years in February, pointing to a sharper slowdown in first-quarter economic growth than previously thought. Wholesale inventories dropped 0.5 percent in February, the Commerce Department said on Friday, the sharpest decline since May 2013. Analysts polled by Reuters expected a 0.1 percent decline.

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