Business inventories increased in April as sales declined for a second month, the Commerce Department said Thursday.
Inventories increased 0.3%, and May’s figure was revised to a 0.1% decline from an originally reported little change. Sales fell 0.1% in April after dropping 1.2% in May.
Economists’ median forecast was for a 0.3% increase in inventories, Bloomberg News reported.
Excluding automobile dealers, retailer inventories increased 0.4% in April.
When sales are growing, trucking usually faces additional demand to deliver goods and restock shelves.
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