USA: business inventories up 0.3% in April

(CercleFinance.com) - U.
S. business inventories rose in line with expectations in April, according to statistics released Tuesday by the Commerce Department.

Inventories rose by 0.3%, following a 0.1% fall in March, a figure perfectly in line with economists' expectations.

Business sales, meanwhile, rose by 0.3% in April.

At this rate, it would take 1.37 months to clear their inventories, compared with 1.38 a year earlier.

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