FXsteet.com (Barcelona) - Business inventories have increased at a considerably slower than expected pace in March, as sales picked up strongly, according to data released by the US Commerce Department.
Inventories rose 0.1% in March, instead of the 0.5% forecasted by business analysts, and following a 0.5% rise posted in February. On the twelve months to March, inventories have increased 5.2%.
Business sales have bounced up to a 1.0% increase in March, after having decreased 1.0% in February, which took the inventory to sales ratio down to 1.27 months, from 1.28 months in February. On the year, business sales have gone up 6.3%.