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U.S. Wholesale Inventories Up 0.9 Percent In February, Higher Than Expected

U.S. wholesale inventories rose by more than expected in the month of February, according to figures released Tuesday by the Department of Commerce, with wholesale sales also showing a notable increase.

Commerce Department figures put the level of inventories for wholesalers at a seasonally adjusted level of $478.9 billion in February, reflecting a 0.9 percent increase from January levels. Most economists had expected a more modest 0.6 percent increase in inventories.

Furthermore, January figures, which had initially shown a 0.4 percent increase in inventories, were upwardly revised to show 0.6 percent growth.

by RTT Staff Writer

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