Wholesale Inventories Fall 0.2%

Wholesale inventories fell 0.2% in January, the Commerce Department said Wednesday.

The decline followed a revised 1% decrease in December. Wholesale sales rose 1.3%, the most since November.

Economists had forecast inventories to rise 0.2%, Bloomberg reported.

Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.