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3/26, 1:31 PM (Source: TeleTrader)
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US wholesale inventories down 0.5% in February

Wholesale inventories in the United States declined 0.5% in February compared to the previous month's revised level to $657.3 Billion, topping the estimates, according to the US Census Bureau's preliminary estimate released on Thursday. On an annual basis, the figure slid 1%.

Meanwhile, seasonally adjusted sales of merchant wholesalers came in at $657.3 billion, decreasing 0.5% monthly and 1% annually.

Retail inventories for adjusted for seasonal variations but not for price changes were estimated at $657.4 billion in February, slipping 0.3% month-over-month while it went down by 0.6% compared to the same period last year.

Breaking the News / GA