LOGO
LOGO

TODAY'S TOP STORIES

U.S. Business Inventories Rise In Line With Estimates In February

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024 lt

Business inventories in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Commerce Department on Friday.

The Commerce Department said business inventories rose by 0.3 percent in February, matching the increase seen in January as well as expectations.

Wholesale inventories rebounded after declining in the previous month, climbing by 0.4 percent in February after dipping by 0.2 percent in January.

The report said retail inventories also rose by 0.3 percent in February after advancing by 0.9 percent in January, while manufacturing inventories edged up by 0.2 percent after rising by 0.3 percent.

Additionally, the Commerce Department said business sales crept up by 0.2 percent in February following a 0.3 percent increase in January.

Wholesale sales climbed by 0.6 percent and manufacturing sales rose by 0.3 percent, although retail sales fell by 0.3 percent.

With inventories and sales both rising, the total business inventories/sales ratio came in at 1.35 in February, unchanged from January.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.