Wholesale Inventories Rise 1.1%; Sales Gain 1.4% in March

Wholesale inventories increased 1.1% in March, the Commerce Department reported Friday.

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Wholesale sales grew 1.4%.

Economists expected inventories would increase 0.5% and sales would gain 0.9%, according to the median estimate from Thomson Reuters.

Inventories for February were revised higher to a 0.7% rise from the 0.5% increase originally reported last month. February sales were up a revised 0.9%, originally reported as a 0.7% jump.

Inventories of durable goods increased 0.7% in March following a 0.8% increase in February. Sales of durable goods increased 1.4% in March following a 0.1% gain February.

The inventories-to-sales ratio dipped to 1.18 in March from 1.19 in February.


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