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Wholesale prices in the United States rose 0.6% in April, the largest increase in more than a year, the Labor Department reported.

Volkswagen AG secured enough backing to move forward with its $9.2 billion bid for Scania AB, removing the last major obstacle to a nearly decadelong effort to forge an integrated heavy-trucks unit.

Retail sales increased 0.1% in April after the biggest increase in four years, the Commerce Department reported May 13.

The measure of employee output per hour dropped at a 1.7% annualized rate, the weakest reading in a year, after rising at a 2.3 % pace in the last three months of 2013, the Labor Department reported.

The trade deficit narrowed in March by 3.6% to $40.4 billion from the prior month’s $41.9 billion, the Commerce Department reported.

Service industries expanded in April at the fastest pace in eight months, a sign the biggest part of the economy will bolster growth this quarter.

The Institute for Supply Management’s factory index rose to 54.9 in April from the prior month’s 53.7, the largest expansion this year, the Tempe, Arizona-based group’s report showed May 1.

Personal spending rose 0.9% in March, the most since August 2009, the Commerce Department reported May 1.