Business Inventories Rise at Slowest Pace in Eight Months
Business inventories rose 0.1% in February, the slowest paceÌýin eight months, the Commerce Department said Friday.
The increase followed a revised 0.9%Ìýincrease in January that was smaller than previously reported. Sales rose 1.2% in February, after dipping 0.3% the prior month.
TheÌýFebruary inventories gain was smaller than economists’ median forecast of a 0.4% increase, Bloomberg News reported.
Retailer inventories increased 0.3% in February.
When sales are growing, trucking usually faces additional demand to deliver goods and restock shelves.
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