By Xavier FontdegloriaGrowth in U.S. business inventories rose robustly in February, in a sign that firms kept efforts to replenish stockpiles amid persistent supply-chain bottlenecks. Business inventories rose 1.5% in February after increasing 1.3% in January, according to data from the U.S. Commerce Department released Thursday. Economists polled by The Wall Street Journal expected inventories to advance 1.3%. Inventories rose on month by 2.5% at wholesalers, by 1.2% at retailers, and by 0.6% at manufacturers, the data showed. Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com(END) Dow Jones NewswiresApril 14, 2022 10:48 ET (14:48 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal April 14, 2022 14:55 UTC