U.S. Wholesale Inventories Increase 1.1%, Sales Climb 3.4%
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Inventories at U.S. wholesalers rose more than forecast in January as distributors tried to keep pace with sales that rose by the most since November 2009.
The 1.1 percent increase in stockpiles followed a revised 1.3 percent gain in December that was bigger than initially estimated, the Commerce Department said today in Washington. The median projection in a Bloomberg News survey was for a 0.9 percent rise. Sales jumped 3.4 percent in January, led by cars, computers and commodities.