Wholesale Inventories Up Again in January

Washington, DC, March 9, 2011 — Wholesale inventories rose more than forecast in January, according to the Commerce Department.

The 1.1% increase  followed a revised 1.3% gain in December that was bigger than initially estimated.

The median forecast by economists was for a 0.9% rise. Sales surged 3.4% in January, on higher sales of cars, computers and commodities.