US' distributive trade sales & shipments see modest growth in February

Manufacturers and trade inventories were estimated at an end-of-month level of $2,567.5 billion, reflecting a 0.4 per cent rise from January 2024 and a 1.0 per cent increase compared to February 2023. These figures are also adjusted for seasonal and trading day differences but not for price changes.

The total business inventories to sales ratio, which provides an indication of the balance between supply and demand, stood at 1.38 at the end of February, based on seasonally adjusted data. This is a slight increase from the February 2023 ratio of 1.37, as per the bureau.

ALCHEMPro News Desk (DP)