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Post by bot on Apr 11, 2014 3:13:37 GMT -5
WASHINGTON (MarketWatch) - U.S. wholesale inventories climbed 0.5% in February, although the increase was smaller than in January, the Commerce Department reported Wednesday. The more modest gain suggests companies did not restock warehouse shelves fast enough to sharply boost first-quarter growth. Wholesale sales advanced 0.7% last month. At February's sales pace, the inventory-to-sales ratio was unchanged at 1.19 months, the same as in January but up from 1.7 months a year earlier. Inventories of durable goods rose 0.7% in February, while inventories of nondurables edged up 0.1%. In January, the growth in inventories was revised up to 0.8% from 0.6%. Sales fell 1.8% in that month.
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