US: Wholesale inventories drop 0.4% in October

Wholesale inventories for October were estimated at an end-of-month level of $586.9 billion seasonally adjusted, down 0.4% from September 2016, and were down 0.5% from October 2015.  

Analysts expectations were for a 0.3% increase.

The August 2016 to September 2016 percentage change was downwardly revised to -0.1% from 0.1% initially estimated.