Business inventories were up 0.6% and sales levels fell 1.1% in February, according to Commerce Department data released yesterday.

Business inventories rose to $1.468 billion following an upwardly revised 0.9% gain in January, originally reported as a 0.8% rise. IFR Markets had projected that business inventories would be up 0.6% in the month. Overall inventories were 5.2% above the February 2007 level.

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