Business Inventories Rise at Slowest Pace in Eight Months

[Stay on top of transportation news: .]

Business inventories rose 0.1% in February, the slowest paceÌýin eight months, the Commerce Department said Friday.

The increase followed a revised 0.9%Ìýincrease in January that was smaller than previously reported. Sales rose 1.2% in February, after dipping 0.3% the prior month.

TheÌýFebruary inventories gain was smaller than economists’ median forecast of a 0.4% increase, Bloomberg News reported. >Retailer inventories increased 0.3% in February.



When sales are growing, trucking usually faces additional demand to deliver goods and restock shelves.

Ìý

Trending

Newsletter Signup

Subscribe to Transport Topics

 

Hot Topics