Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

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From: tejek	4/9/2010 10:22:57 AM
	of 1428

Wholesale inventories and sales both post gains By Martin Crutsinger, AP Economics Writer WASHINGTON — Inventories held by wholesalers rose by a larger-than-expected amount in February while sales increased for the 11th consecutive month. The Commerce Department said inventories at the wholesale level were up 0.6% in February, better than the 0.4% increase analysts had expected. Sales rose 0.8%, surpassing the 0.5% rise economists had forecast. The gains were an encouraging sign that stronger demand is prompting businesses to restock depleted shelves, a development which will help sustain the economic recovery.

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