Wholesale Inventories Rise (April 8)

Wholesale Inventories increased by 1.0 % in February to $438.0 billion, against the expected 1.1% increase, following an increase of 1.0% in January, and are up by 12.7% from a year ago. Wholesale Sales had decreased by 0.8% in February to $379.0 billion and were up 13.7% over the year. Sales of durable goods were down 1.2% and sales of nondurable goods were down 0.4% over the month. The Inventory/Sales ratio was at 1.16, lower than the 1.17 ratio in February of 2010.

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