U.S. Wholesale Inventories Climb 0.3% In February

U.S. wholesale inventories rose 0.3% in February as wholesale sales fell 0.2%, perhaps a sign that companies experienced less demaind in late winter that could cause them to temporarily scale back production. At February's sales pace, the inventory-to-sales ratio was 1.29, up from 1.2 a year ago. Inventories of durable goods increased 0.3% in February, while inventories of nondurables rose 0.2%.