Wholesale inventories increased 0.5% in February, the Commerce Department reported Tuesday.
Processing Content
Wholesale sales grew 0.7%.
Economists expected inventories would increase 0.5% and sales would gain 1.0%, according to the median estimate from Thomson Reuters.
Inventories for January were revised higher to a 0.8% rise from the 0.6% increase originally reported last month. January sales were down a revised 1.8%, originally reported as a 1.9% decline.
Inventories of durable goods increased 0.7% in February following a 0.8% increase in January. Sales of durable goods increased 0.1% in February following a 0.9% drop January.
The inventories-to-sales ratio held at 1.19 in February from a revised 1.19 in January.
