Wholesale inventories grew by 0.8% in February, defying economist expectations of a decline. Strong sales growth outpaced inventory accumulation, leading to a lower inventory-to-sales ratio.
- Inventories grew 0.8% in February
- Wholesale sales increased by 2.7%
- Durable goods sales spiked 4.1%
- Inventory-to-sales ratio fell to 1.22
- Non-durable inventories rose 1.0%
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