February Business Inventories Gain 0.3%; Sales Unch

Business inventories were up 0.3% to $1.790 trillion in February, while sales were unchanged at $1.313 trillion, the Commerce Department reported Tuesday.

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The February inventories followed an unrevised flat reading in January, while sales were revised to a 2.3% decline from the originally reported 2.0% drop in January.

On a year-over-year basis, inventories climbed 3.3% over the same month in 2014, while sales slid 1.2% in that period.

The total business inventories/sales ratio, based on seasonally adjusted data at the end of February, was 1.36, unchanged from the previous month's 1.36 ratio. The inventory/sales ratio for February 2014 was 1.30.

Economists polled by Thomson Reuters expected a 0.2% increase in inventories.


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