The US Commerce Department reported Wednesday that business inventories jumped 1.0% in January to a seasonally adjusted 1.64 trl USD.
December inventories data were revised to 0.3% from 0.1% prior.
Sales inventories climbed to 1.5%, the highest since may 2011. Sales fell 0.3% to rise the ratio of inventories to sales 1.29 in February from 1.26 in December.