WASHINGTON, Feb 10 (Reuters) U.S. wholesale inventories dropped by a record 1.4 percent in December and sales plunged, a report showed on Tuesday, as the worsening economic climate crimped investment and spending.
The Commerce Department said wholesale inventories for November were revised to a 0.9 percent drop, previously reported as a 0.6 percent decline. Compared to the same period a year ago, inventories rose 3.4 percent.
Economists polled by Reuters had expected a 0.8 percent drop in December. Sales tumbled 3.6 percent in December after dropping a revised 7.3 percent the previous month. November sales were initially reported as 7.1 percent lower. (Reporting by Lucia Mutikani; Editing by Theodore d'Afflisio)