US business inventories post largest gain since 2022
US business inventories rose 0.9% in March, marking the largest gain since 2022. Wholesale stocks led the increase while sales grew 2.1%, helping to lower the inventory-to-sales ratio to 1.32 months.
Xurve View
Xurve View
United States business inventories rose 0.9% in March, the largest monthly gain since June 2022. This increase followed a 0.4% rise in February and exceeded the 0.8% growth expected by Reuters-polled economists. The government estimated that business inventories contributed 0.40 percentage point to the 2.0% annualized GDP growth rate in the first quarter.
