US business inventories for Februray 2024 • Prior month unchanged • Business inventories 0.4% vs 0.4% estimate and Unchanged last month • Retail inventories 0.4% vs 0.3% last month (revised from 0.4% previously reported) • 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. • 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. • The ratio of total business ... (full story)