FXstreet.com (Barcelona) - Business inventories have increased at a larger than expected extent in April, and the same applies for business sales, according to data released by the US Commerce Department.
Manufacturers and trade inventories have posted a 0.5% increase from March to April, instead of the 0.3% forecasted by market analysts, while inventories for March have been revised to a 0.2% increase. In the last twelve months, inventories have increased 5.4%.
Manufacturing sales have increased 1.4% from March 2008, and 6.8% in the last 12 months. The inventories to sales ratio has declined to 1.25 in April from 1.26 in March.