A be suitable for of U.S. wholesale trade continued its growth streak in March, though its pays fell below expectations.
The U.S. Census Bureau’s gauge of wholesale inventories in Slog increased 0.3 percent from the prior month, totaling down $627 billion. The latest reading fell short of the 0.5 percent boost waxing expected from a survey of Reuters analysts.
The metric posted notable gains in January and February.
The ratio of inventories to sales for merchant wholesalers was 1.26 in Trek, meaning it would take merchants 1.26 months to clear tables of their inventories. It’s a slight tick downward from the year-ago correlation of 1.28.
The monthly survey tracks merchants in various businesses, including exporters and industrial distributors.
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