FXstreet.com (Barcelona) - Wholesale inventories have edged down in March on the back of sharp declines of petroleum and farm products, according to data released by the US Commerce Department.
In March, wholesale inventories have eased 0.1% to a seasonally adjusted $420.77 billion, following a 0.2% increase on the previous month. The decrease has been unexpected, as market analysts had advanced a 0.5% increase. Year on year, inventories have increased 6.8%.
Wholesale sales have increased 1.6% from February and 12.6% from March 2007.