Economic Buzz: US business inventories up by 0.4% in February

Business inventories in the United States increased by 0.4% in February compared to the month before, and reached $2,686.8 billion, the US Census Bureau revealed in its report on Tuesday. On an annual basis, the figure rose by 1.3%.

The combined value of trade sales and manufacturers' shipments landed at $2,014.8 billion in the reported month, climbing by 1.7% month-over-month and by 5.5% year-over-year.

The total ratio of business inventories to sales stood at 1.33 at the end of February, based on seasonally adjusted data, down from last year's ratio of 1.39.

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