Business inventories were little changed in March, but sales fell by the most in nine months, the Commerce Department said Monday.
Inventories were little changed for the second month in a row as February’s figure was revised from a 0.1% increase. Sales declined 1.1%, the biggest drop since June 2012.
Economists’ median forecast was for a 0.3% increase in inventories, Bloomberg News reported.
Excluding automobile dealers, retailer inventories declined 0.6% in March, the biggest decline since September 2009.
When sales are growing, trucking usually faces additional demand to deliver goods and restock shelves.
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