The U.S. Commerce Department released wholesale inventories on Tuesday. Wholesale inventories in the U.S. increased 0.1% in March, in line with expectations, after a 0.6% fall in January. February's figure was revised down from a 0.5% decline.

The increase was mainly driven by a rise in inventories of non-durable goods. Inventories of non-durable goods increased 0.5% in March, while inventories of durable goods fell 0.1%.

Wholesale sales rose 0.7% in March, after a 0.2% fall in February.