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Wholesale Sales y/y is an economic indicator that measures the change in the total value of sales made by wholesalers over a year-long period, compared to the previous year. It is an important metric because it provides insights into the overall health of the wholesale sector and can offer clues about the state of the broader economy.
Wholesale Sales y/y is an important indicator for businesses and investors as it can help them assess the overall demand for goods and services. Higher Wholesale Sales y/y can indicate increased demand for goods and services, which can be positive for businesses as it can lead to increased revenue and profits. Conversely, lower Wholesale Sales y/y can suggest weaker demand for goods and services, which can lead to reduced revenue and profits. In addition to providing insights into the health of the wholesale sector, Wholesale Sales y/y can also provide valuable information about the future prospects of the retail sector. This is because retailers typically purchase their goods from wholesalers, and thus changes in wholesale sales can signal changes in the demand for goods and services in the retail sector.
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