Summary Box: US wholesale inventories rise

AP News
Posted: Apr 10, 2012 3:48 PM
Summary Box: US wholesale inventories rise

INVENTORIES UP: U.S. wholesale businesses increased their stockpiles in February by a seasonally adjusted 0.9 percent, the Commerce Department said Tuesday. That's better than the 0.6 percent increase in January.

SALES UP, TOO: More expensive gasoline also drove sales 1.2 percent higher that month. Sales were unchanged in January.

BETTER GROWTH: Faster restocking is leading economists to raise their forecasts for economic growth in the January-March quarter. But wholesale inventories are still growing more slowly than they did at the end of last year.