U.S. business inventories rose 0.4% in February, higher than expected, with retail and wholesale inventories increasing 0.6% and 0.5% respectively.

U.S. business inventories rose 0.4% in February, higher than the expected 0.3% increase and a slight uptick from January's unchanged levels. Retail and wholesale inventories both increased by 0.6% and 0.5% respectively, with wholesale inventories up 0.3% and business sales up 1.6%. The total business inventories/sales ratio declined, suggesting sales increased more than inventories.

April 15, 2024
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