Business inventories rose 0.6% in February as sales increased, the Commerce Department said Monday.
The gain followed a revised 0.8% increase in January that was larger than first reported. Sales rose 0.7% following a 0.4% rise.
The February increase matched economists’ projections of 0.6%, Bloomberg reported.
Factory inventories, which make up about two-fifths of the total, rose 0.4%, while wholesale inventories, which make up about 30%, increased 0.9%.
When sales are growing, it usually means trucking is seeing additional demand to deliver goods and restock shelves.
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