Mon, 11 Mar 2013 07:04:03 GMT
Wholesale inventories in U.S. increase above forecast in January
U.S. wholesale inventories advanced notably above economists' forecast in January, partly pushed up by a 1.1% gain in inventories of durable goods, the Commerce Department reported on Friday, however, the report also showed a significant fall of wholesale sales. Wholesale inventories increased 1.2% in January, while the wholesale sales dropped 0.8% in the same month.