Wholesale inventories rose 0.9% in February, the Commerce Department said Tuesday.
The increase followed a revised 0.6% increase in January that was more than the 0.4% gain originally reported.
February’s increase was almost twice economists’ median forecast of a 0.5% gain, Bloomberg reported.
Wholesale sales rose 1.2%, following no change in January. Durable goods sales rose 0.9%.
Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.
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