Wednesday, April 9, 2008

Wholesale inventories rise more than forecast in Feb

(WASHINGTON) Inventories at US wholesalers rose more than forecast in February, reflecting the biggest slump in sales in more than a year. The 1.1 per cent gain followed a revised 1.3 per cent increase in January that was larger than previously reported, the Commerce Department said yesterday in Washington. Sales dropped 0.8 per cent, the most since January 2007.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,274562,00.html?

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