Business Inventories Rise 0.9% in January
usiness inventories rose 0.9% in January, the Commerce Department reported Tuesday.
When inventories and sales are growing, it usually means trucking is seeing additional demand to deliver goods and restock shelves.
The increase followed a 0.2% gain in December and brought the value of goods held by manufacturers, retailers and wholesalers to $1.29 trillion, Commerce said.
Commerce also said retail inventories rose 0.4%, while retail sales increased 0.2%. Auto and parts dealer inventories fell 0.6%.
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