Investing.com – U.S. business inventories rose less-than-expected in February, official data showed on Wednesday.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.5% in February, after rising by 1.0% in January, whose figure was revised up from 0.9%.
Analysts had expected U.S. wholesale inventories to rise by 0.8% in February.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD edging 0.05% lower to hit 1.4470.
Meanwhile, U.S. equity markets were up. The Dow Jones Industrial Average climbed 0.17%, the S&P 500 index gained 0.11%, while the Nasdaq Composite index jumped 0.4%.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.5% in February, after rising by 1.0% in January, whose figure was revised up from 0.9%.
Analysts had expected U.S. wholesale inventories to rise by 0.8% in February.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD edging 0.05% lower to hit 1.4470.
Meanwhile, U.S. equity markets were up. The Dow Jones Industrial Average climbed 0.17%, the S&P 500 index gained 0.11%, while the Nasdaq Composite index jumped 0.4%.