Wholesale Inventories Rise in January

Washington, DC, March 11, 2014 -- Wholesale inventories rose more than expected in January, although sales dropped off.

The Commerce Department said wholesale inventories rose 0.6% to $521.2 billion after a revised 0.4% gain in December.

Economists expected inventories to rise 0.4% in January.

Sales at wholesalers fell 1.9% in January, their biggest decline since March 2009.