US wholesale inventories increase strongly in February
WASHINGTON, D.C.: Indicating that inventories contributed to U.S. economic growth in the first quarter, wholesale inventories rebounded strongly in February, according to the Commerce Department's Census Bureau this week.
The bureau added that wholesale inventories rose 0.5 percent as estimated last month, while stocks at wholesalers fell 0.2 percent in January. Economists polled by Reuters predicted inventories