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Commerce Department announced on Friday that business inventories rose 0.3
percent m-o-m in March, following a revised 0.6 percent m-o-m gain in February
(originally a 0.5 percent m-o-m increase).
That was in line with economists’ forecast for a 0.3 percent m-o-m advance.
According to the report, stocks at wholesalers jumped 1.3 percent m-o-m, while inventories at manufacturers rose by 0.7 percent m-o-m. At the same time, stocks at retailers declined 1.4 percent m-o-m.
In y-o-y terms, business inventories remained unchanged in March.