Wholesale Inventories Rise 1.1%; Sales Gain 1.3% in April

Wholesale inventories increased 1.1% in April, the Commerce Department reported Tuesday.

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Wholesale sales grew 1.3%.

Economists expected inventories would increase 0.5% and sales would gain 0.8%, according to the median estimate from Thomson Reuters.

Inventories for March were up an unrevised 1.1%. March sales were up a revised 1.6%, originally reported as a 1.4% jump.

Inventories of durable goods increased 0.9% in April following a 0.7% increase in March. Sales of durable goods increased 1.7% in April following a 1.6% gain March.

The inventories-to-sales ratio held at 1.18 in April.


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