Business Inventories Rise in April

Business inventories rose 0.4% in April, the Commerce Department reported Wednesday.

The gain followed a 0.3% increase in March. Sales rose 0.2%.

The inventories increase was higher than economists’ projections of a 0.3% gain, Bloomberg reported.

Factory inventories, which make up about two-fifths of the total, were unchanged, but wholesale inventories, which make up about 30%, climbed 0.6%.



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

 

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