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Article updated: 3/8/2013 9:56 AM

U.S. wholesale stockpiles rise 1.2 percent

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Shipping containers are stacked at the Port of Miami. U.S. wholesalers boosted their stockpiles in January by the largest amount in 13 months, even though their sales dropped sharply.

Associated Press

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U.S. wholesalers boosted their stockpiles in January by the largest amount in 13 months even though their sales dropped sharply. Inventories at the wholesale level rose 1.2 percent in January compared with December when inventories had edged up a slight 0.1 percent, the Commerce Department said Friday. It was the biggest gain since a similar increase in December 2011. Sales at the wholesale level dropped 0.8 percent after being flat in December.
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