Business Inventories Up 0.5 Percent in February

0

U.S. business inventories rose 0.5 percent in February, matching analyst expectations, while sales posted their largest drop in nearly two years, government data showed on Thursday.


The Commerce Department said stocks at manufacturers, retailers and merchant wholesalers grew for a fifth consecutive month to a seasonally adjusted $1.288 trillion. Business sales fell 0.4 percent in February to $980.82 billion, the biggest monthly decrease since a 1.6 percent fall in April 2003.


*

Read the full Reuters story

.

No posts to display