US wholesale inventories rise 0.5% in February

By Ovunc Kutlu

ISTANBUL (AA) - Wholesale inventories in the US increased 0.5% in February, compared to the previous month, according to Commerce Department figures released Friday.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, stood at $901.1 billion.

The figure for January was revised to a decline of 0.2%, from a decrease of 0.1%, the agency said in a statement.

Annually, wholesale inventories in February were down 1.6%, compared to the same month in 2023.