U.S. business inventories rise 0.3% in April

Business inventories rose 0.3% in April to a seasonally adjusted $1.66 trillion, the Commerce Department said Thursday. Economists polled by MarketWatch expected a 0.3% gain. Sales fell 0.1% in April. As a result, the ratio of inventories to sales edged up to 1.31 from 1.30 in March. Inventories in…

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U.S. business inventories rise 0.3% in April

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