Business inventories were down 1.1% and sales levels fell 0.3% in April, according to Commerce Department data released yesterday.

Business inventories slid to $1.385 billion following a revised 1.3% decline to $1.400 billion in March, originally reported as a 1.0% decrease to $1.404 billion. Thomson Reuters had projected that business inventories would be off 1.0% in the month. Overall inventories were 6.6% below the April 2008 level, according to Commerce.

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