WASHINGTON — U.S. businesses boosted their stockpiles in February as sales rebounded by the largest amount in nine months.
Stockpiles increased 0.4 percent in February, following a similar 0.4 percent increase in January, the Commerce Department reported Monday. Sales rose 0.8 percent in February, bouncing back after a 1.1 percent sales decline in January that was blamed on the harsh weather that month. It was the biggest one-month sales gain since last May.
A separate report showed a surge in sales at the retail level in March.
The report covers manufacturing, wholesaling and retailing. Manufacturers’ inventories rose the most in February.