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Wholesale trade, January 2020
Wholesale sales increased for a second consecutive month, up 1.8% to $65.2 billion in January. While all subsectors reported higher sales, gains were concentrated in the motor vehicle and motor vehicle parts and accessories and the miscellaneous subsectors. In volume terms, sales grew 1.7%. Sales in the motor vehicle and motor vehicle parts subsector grew 3.0% to $11.3 billion in January. The bulk of this growth (about 80%) is attributable to the motor vehicle industry, up 3.0% to $9.1 billion. This was a second consecutive increase for both the subsector and the industry. Sales in the agricultural supplies industry ... (full story)