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Economic news
18.06.2024

U.S. business inventories advance 0.3 per cent in April, matching expectations

The Commerce Department reported on Tuesday that the U.S. business inventories advanced 0.3 per cent m-o-m in April, following a downwardly revised 0.2 per cent m-o-m fall (from -0.1 per cent m-o-m) in March. That was in line with economists’ expectations.

According to the report, stocks at retailers climbed 0.7 per cent m-o-m in April, while inventories at merchant wholesalers and those at manufacturers edged up 0.1 per cent m-o-m.

In y-o-y terms, business inventories jumped 1.0 per cent in April.

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