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U.S Wholesale Inventories Inch Up Slightly Less Than Expected In February

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

Wholesale inventories in the U.S. edged slightly higher in the month of February, according to a report released by the Commerce Department on Monday.

The report said wholesale inventories inched up by 0.1 percent in February after falling by 0.6 percent in January. Economist had expected inventories to rise by 0.2 percent.

The uptick in inventories came as a 0.5 percent increase in inventories of durable goods was largely offset by a 0.5 percent decrease in inventories of non-durable goods.

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