Wholesale inventories in the U.S. increase 0.1% in March
The U.S. Commerce Department released wholesale inventories on Tuesday. Wholesale inventories in the U.S. increased 0.1% in March, in line with expectations, after a 0.6% fall in January. February's figure was revised down from a 0.5% decline.
The increase was mainly driven by a rise in inventories of non-durable goods. Inventories of non-durable goods increased 0.5% in March, while inventories of durable goods fell 0.1%.
Wholesale sales rose 0.7% in March, after a 0.2% fall in February.
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