US Wholesale Inventories Rise 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 growth, compared to January's revised figures, highlights a 1.1% rise year over year.

Wholesale Sales See Significant Uptick

Sales of merchant wholesalers, after adjustments for seasonal variations and trading-day differences, stood at $696.4 billion. This represents a 2.4% increase from the previous month and a 4.3% rise compared to the same period last year.

Inventory-to-Sales Ratio Declines

The inventory-to-sales ratio for merchant wholesalers was recorded at 1.30 in February, showing a decrease from 1.34 in the same month the previous year. This indicates a more efficient turnover of inventories relative to sales.