U.S. Wholesale Inventories Rose Less Than Forecast in April
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Inventories at U.S. wholesalers rose less than forecast in April, restrained by the biggest drop in auto stockpiles in more than a year.
The 0.8 percent increase in inventories compared with a 1 percent gain median forecast in a Bloomberg News survey and followed a revised 1.3 percent increase in March that was larger than initially estimated, Commerce Department figures showed today in Washington. Sales increased 0.3 percent in April after climbing 3 percent the prior month.