U.S. February Wholesale Inventories Rise 0.9%, Sales Climb 1.2%
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Inventories at U.S. wholesalers rose more than forecast in February as companies tried to keep pace with stronger demand.
The 0.9 percent advance in stockpiles followed a 0.6 percent gain in January that was more than initially estimated, the Commerce Department reported today in Washington. Economists projected a 0.5 percent rise, according to the median estimate in a Bloomberg News survey. Sales climbed 1.2 percent in February after no change a month earlier.