FXstreet.com (Barcelona) - Wholesale inventories have increased larger tan expected in January, and sales have posted a considerable jump, reversing the decrease posted on the previous month, according to data released by the US Commerce Department.
Inventories have posted a 0.8% increase to $414.8 billion in January, down from the 1.1% rise posted in December, but certainly above the 0.5% increase expected by the market. From January 2007, wholesale inventories have risen 6.4%.
Wholesale sales have posted a 2.7% increase to $387.7, following a 0.5% decrease in the previous month. On the year, wholesale sales have risen 15.1%.