US business inventories rise 1.5% versus 1.3% estimate

In the
• US business inventories +1.5% versus +1.3% estimate
• prior month revised to +1.3% from 1.1%
• retail inventories increased +1.4%
• retail inventories prior month revised to +1.7% from +1.2%
• Sales not adjusted for price changes were up 1.0% from January 2022. Sales year on year are up 18.8% from February 2021
• the inventory to sales ratio was 1.26 in February. That is still below the 1.33 level in February 2021

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The gain was the fifth straight month of inventory rise by over 1%.