US February Business inventories 0.4% vs 0.4% estimate ...Middle East

Prior month unchangedBusiness inventories 0.4% vs 0.4% estimate and Unchanged last monthRetail inventories 0.4% vs 0.3% last month (revised from 0.4% previously reported)DetailsSales:Total value of distributive trade sales and manufacturers’ shipments in February was estimated at $1,866.5 billion.This represents an increase of 1.6% from January 2024 and a 1.0% rise from February 2023.Inventories:Manufacturers’ and trade inventories in February were estimated at $2,567.5 billion.Inventories were up 0.4% from January 2024 and 1.0% from February 2023.Inventories/Sales Ratio:The ratio of total business inventories to sales was 1.38 at the end of February.This is a slight increase from the Februa

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