Tuesday morning, the Commerce Department released its report on business inventories and sales in the month of February. While business inventories fell a little more than economists had expected, business sales showed a modest increase.
The report showed that business inventories fell by 1.3 percent in February, matching the revised decrease seen in the previous month. Economists had expected inventories to fall by 1.2 percent compared to the 1.1 percent decrease originally reported for January.
At the same time, the Commerce Department said that business sales edged up 0.2 percent in February following a 1.2 percent decrease in January.
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