U.S. wholesale inventories rose in March as companies experienced a sudden boost in sales, implying that areas of the economy are expanding firmly, according to Commerce Department data released Tuesday. Inventories increased by 1.1% in the last month of the first quarter, slightly above economists’ estimates. Sales jumped 2.9%cent. At $392.01 billion, sales were at their highest since June 2008.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!