Wholesale inventories rose 0.8% in April as auto stockpiles took their biggest drop in more than a year, the Commerce Department said Thursday.
Sales rose 0.3% after climbing 3% in March, Commerce said.
The inventories gain was in line with economists’ forecasts of a 1% gain, Bloomberg reported.
Factory inventories, which make up about two-fifths of the total, rose 1.3% following a 1.1% increase in March.
Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.
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