India, April 16 -- A report released by the Commerce Department on Wednesday showed business inventories in the U.S. increased in line with economist estimates in the month of February.
The Commerce Department said business inventories rose by 0.2 percent in February after climbing by 0.3 percent in January.
Wholesale inventories led the way higher, rising by 0.3 percent in February after growing by 0.8 percent in the previous month.
Manufacturing inventories crept up by 0.1 percent for the second straight month, while retail inventories also inched up by 0.1 percent in February after coming in unchanged in January.
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Meanwhile, the report showed a notab...