- U.S. business inventories post a 0.5 percent rebound in April
Market news
14 June 2019
U.S. business inventories post a 0.5 percent rebound in April
The Commerce
Department reported on Friday that business inventories rose 0.5 percent m-o-m
in April, following an unrevised flat m-o-m performance in March.
That was in
line with economists’ forecast.
According to
the report, inventories at wholesalers surged by0.8 percent m-o-m in April,
while stocks at retailers and manufacturers rose by a respective 0.5 percent
m-o-m and 0.3 percent m-o-m.
Retail
inventories excluding autos, which go into the calculation of GDP, increased
0.4 percent m-o-m, after being flat m-o-m in the prior month.
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