Business Inventories Fall 1.3% in February

[Stay on top of transportation news: Get TTNews in your inbox.]

Business inventories fell 1.3% in February, the sixth consecutive decline, the Commerce Department said Tuesday.

The decline in goods unsold at factories, retailers and wholesalers followed an initially reported 1.1% decrease in January. Sales increased 0.2%, the first gain since July, Bloomberg said.

The decline was slightly larger than the 1.2% drop forecast by analysts, Bloomberg reported.

When sales are growing, it usually means trucking is seeing additional demand to deliver goods and restock shelves.



 

Trending

Newsletter Signup

Subscribe to Transport Topics

Hot Topics