Business Inventories Rise 0.7% In January Reflecting Growing Optimism

Business inventory figure were released today for the month of January. The figure showed a rise in inventories of 0.7%%. Analysts had forecast an increase of 0.6% in stocks. The figured had increased by 0.3% and 0.4% for November and December respectively. A general increase in the total business inventories is a sign that the economy is improving, inventories are required to be increased as demand and consumption increase. It isn't however a good forecast of these numbers and merely represents another confirmation figure. The report is for the month...