Wholesale inventories, sales fall

WASHINGTON (AP) -- Wholesalers cut back on their inventories in October by the largest amount since the period following the 2001 terrorist attacks while they watched their sales plunge by a record amount.

Analysts predict more grim news in the months ahead as the current recession deepens.

The Commerce Department says wholesalers, the companies in the supply chain between manufacturers and retailers, reduced their inventories by 1.1% in October, the biggest cutback since a similar drop in inventories in November 2001. 


Retail sales suffer record drop
Retail Sales
Credit for businesses is harder to get, costlier
Lower gas prices don’t alleviate auto industry’s pain