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U.S. Markets

German wholesalers set for revenue increase in 2019, 2020: BGA

BERLIN (Reuters) - German wholesalers will likely see a 2.3 percent increase in nominal revenue this year to 1.3 billion euros ($1.43 billion), the BGA trade association said on Monday, adding that firms in the sector nonetheless planned to cut investments.

BGA forecast an increase of up to 2 percent in nominal revenue for next year.

Writing by Joseph Nasr; Editing by Michelle Martin

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