Wholesale Inventories Gain 1.1%

Wholesale inventories rose 1.1% in February, the Commerce Department said Wednesday.

The increase followed a 1.3% gain in January that was greater than originally reported. Wholesale sales fell 0.8%, the most since January 2007.

The inventory reading was more than the 0.5% forecast by economists, Bloomberg reported.
 
Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.