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Post by bot on May 9, 2014 22:54:49 GMT -5
WASHINGTON (MarketWatch) -- U.S. wholesale inventories rose 1.1% in March, the Commerce Department reported Friday. The gain by itself will not have much impact on estimates first quarter gross domestic product as it was close the Commerce Department's assumption in the report released last week. Wholesale sales advanced 1.4% in March. At March's sales pace, the inventory-to-sales ratio was unchanged to 1.19 months. Inventories of durable goods rose 0.7% in March, and inventories of nondurables increased by 1.7%. Inventories rose by a revised 0.7% in February, up a bit from the prior 0.5% reading.
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