US Wholesale Inventories Show Steady Growth in February

According to the latest report from the US Census Bureau, wholesale inventories in the United States experienced a 0.3% increase in February, reaching a total of $902.3 billion. This marks a 1.1% rise compared to the same period last year, showcasing a positive trend in the economy.

Merchant Wholesalers Sales on the Rise

Adjusted for seasonal variations and trading-day differences, sales of merchant wholesalers stood at $696.4 billion, reflecting a 2.4% increase from January and a 4.3% growth year over year.

Inventories to Sales Ratio Declines

The ratio of inventories to sales for merchant wholesalers was recorded at 1.30 in February, a slight decrease from 1.34 in the previous year, indicating a more efficient inventory management system.