U.S. Wholesale Inventories Edge Higher in March

Wholesale inventories in the United States increased less than expected in March, due to a huge surge in sales that resulted from stronger local demand, according to official data released on Friday.

A final reading showing that wholsale inventories rose by 1.3%, compared with an initially estimated 1.4% for March, was reported by the U.S. Department of Commerce.

This follows a 1% increase in February.

On an annual basis, wholesale inventories jumped by 4.5% compared with its level in March 2020.

Meanwhile, wholesale sales surged by 4.6% in March.