By Sharon Nunn and Sarah Chaney
WASHINGTON--U.S. business inventories rose 0.3% in April to a seasonally adjusted $1.930 trillion, the Commerce Department said Thursday. Here are the report's highlights:
--Economists surveyed by The Wall Street Journal had expected a 0.3% rise.
--At the sector level, manufacturers' inventories increased 0.3% in April from the prior month, while retail inventories rose 0.5% and wholesale inventories climbed 0.1% from March.
--The inventories to sales ratio was 1.35, down from the 1.38 level seen in April 2017.
--Though these data are adjusted for seasonal variations, they aren't adjusted for price increases.
The Commerce Department's full report on manufacturing and trade inventories and sales can be accessed at: https://www.census.gov/mtis/www/data/pdf/mtis_current.pdf
Write to Sharon Nunn at firstname.lastname@example.org. and Sarah Chaney at email@example.com.
(END) Dow Jones Newswires
June 14, 2018 10:15 ET (14:15 GMT)
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