FXstreet.com (Barcelona) - Wholesale inventories have posted a larger than expected increase in the United States in April, due to sharp increases on prices, according to data released by the Commerce Department.
US Wholesale inventories have increased 1.3% in April to $427.36, from the upwardly revised 0.1% increase posted in March, previously estimated as a 0.1 decline. April's increase has beaten the expert's expectations of a 0.5% increase. Year on year, inventories would have risen 8.1%.
Sales of US wholesalers have increased 1.4% in April from the 1.8% revised increase posted in March, previously estimated as a 1.6% increase. On the year, sales have increased 12.7%.
The inventories to sales ratio has declined to 1.09 months in April from 1.14 months in April last year.