Wholesale inventories rose 1.1% in March, while sales rebounded after a drop a month earlier, the Commerce Department said Tuesday.
Sales shot up 2.9% after dropping 0.3% in February, 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 1.1% following a 1% increase in February.
Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.
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