WASHINGTON – Business inventories increased 0.4% in March, while sales increased 2.3%, the Commerce Department reported today.
Processing Content
Inventories in February increased 0.5%, unrevised from the initial report.
Economists expected inventories to rise 0.4% in March, according to the median estimate from Thomson Reuters.
The inventories-to-sales ratio dropped to 1.24, tying a record low set in January 2006.
Manufacturing and trade sales increased 2.3% for the month, the largest gain since November.
