After reporting sharp increases in U.S. wholesale inventories in the two previous months, the Commerce Department released a report on Wednesday showing inventories rose by less than expected in the month of February.
The Commerce Department said wholesale inventories edged up by 0.2 percent in February after surging up by 1.2 percent in January. Economists had expected inventories to climb by 0.5 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com