Wholesale inventories +0.6% in February

• February Wholesale Inventories +0.6% to $682.5B vs. +0.5% consensus, +1.4% prior.
• Total inventories increased 0.6% on Y/Y basis from the revised January level; up 2% from revised February 2020 level.
• Wholesale trade sales of $538.3B decreased 0.8% from the revised January level and rose 6.4% from the revised February 2020 level
• The December 2020 to January 2021 percent change was revised from the preliminary estimate of up 4.9% to up 4.4%.
• February inventories/sales ratio 1.27 vs. 1.32 a year ago.