US wholesale inventories rose 0.5% in February, contributing to U.S. economic growth in Q1.
US wholesale inventories rose 0.5% in February, contributing to U.S. economic growth in the first quarter, according to the Commerce Department's Census Bureau. Inventories, a key part of GDP, declined 1.5% year-on-year, but private inventory investment cut 0.47% from Q4 GDP growth, with the U.S. economy growing at a 3.4% annualized rate. Growth rate estimates for Q1 are currently as high as 2.5%.
April 13, 2024
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