U.S. Wholesale Inventories Rise 1.3% in January

Wholesale inventories in the United States increased by 1.3% in January, data by the U.S. Census Bureau showed on Monday.

Inventories now stand at $661.7 billion, rising by 0.6% on an annual basis.

Meanwhile, wholesalers sales recorded an adjusted rise of 4.9% in the first month of the year, amounting to $531.7 billion.

The inventories/sales ratio for merchant wholesalers reached 1.24 in January.