- U.S. wholesale inventories increase slightly more than forecast in February
Market news
9 April 2021
U.S. wholesale inventories increase slightly more than forecast in February
The
Commerce Department announced on Friday the U.S. wholesale inventories rose 0.6
percent m-o-m in February, slightly better than the preliminary estimate of a
0.5 percent m-o-m gain.
Economists
had forecast the reading to stay unrevised at 0.5 percent m-o-m.
In January,
wholesale inventories jumped 1.4 percent m-o-m (revised from 0.5 percent).
According
to the report, durable goods inventories edged up 0.3 percent m-o-m in February,
while stocks of nondurable goods climbed 1.1 percent m-o-m.
In
y-o-y terms, wholesale inventories increased 2.0 percent in February.
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