U.S. business inventories in April up 0.3 pct

Source: Xinhua | 2018-06-15

U.S. business inventories in April rose 0.3 percent after slipping 0.1 percent in March, the Commerce Department said on Thursday.

Business inventories for March was revised from 1,929.6 billion to 1,923.7 billion dollars, according to the Commerce Department.

Manufacturers' and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of 1,930.0 billion U.S. dollars in April, up 0.3 percent from March 2018 and were up 4.4 percent from April 2017.

The combined value of distributive trade sales and manufacturers' shipments for April, adjusted for seasonal and trading-day differences but not for price changes, was estimated at 1,425.9 billion dollars, up 0.4 percent from March 2018 and was up 6.7 percent from April 2017.