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US wholesale inventories fall
US wholesale inventories fell to $501.4bn at the end of February, - down 0.3% from the revised January level, but were up 4.7% from the February 2012 level. The January preliminary estimate was revised downward $1.7bn or 0.3%. The US Department of Commerce said February inventories of durable goods were up 0.2% from the previous month and were up 7.5% from a year ago. Inventories of computer and computer peripheral equipment and software were up 2.2% from last month. Inventories of non-durable goods were down 0.9% from January, but were up 0.7% from last February. Inventories of farm product raw materials were down ... (full story)
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