U.S. wholesale inventories fell 0.7% in February after a downwardly revised 0.5% decline in January (-0.2% initially). Sales rose 0.8% from 1.2% in January. The inventory to sales ratio (I/S) dropped to 1.26 from a revised 1.27 (1.28 previously). Though inventories continue to decline, the pace is slowing, and the eventual pick up in production to restock shelves remains a strong element behind expectations for strong economic growth going forward.