Business Inventories Fall 1.1% in April

Business inventories fell 1.1% in April, the eighth consecutive decline, the Commerce Department said Thursday.

The decline in goods unsold at factories, retailers and wholesalers followed a revised 1.3% decrease in March. Sales decreased 0.3%, Bloomberg said.

The decline was slightly larger than the 1% drop forecast by analysts, Bloomberg reported.

When sales are growing, it usually means trucking is seeing additional demand to deliver goods and restock shelves.