- U.S. wholesale inventories increase slightly less than expected in March
Market news
7 May 2021
U.S. wholesale inventories increase slightly less than expected in March
The
Commerce Department announced on Friday the U.S. wholesale inventories rose 1.3
percent m-o-m in March, being slightly worse than the preliminary estimate of a
1.4 percent m-o-m gain.
Economists
had forecast the reading to stay unrevised at 1.4 percent m-o-m.
In February,
wholesale inventories rose 0.9 percent m-o-m.
According
to the report, durable goods inventories jumped 1.2 percent m-o-m in March,
while stocks of nondurable goods climbed 1.4 percent m-o-m.
In
y-o-y terms, wholesale inventories surged 4.5 percent in March.
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