6/8/2012 10:10:00 AM
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Wholesale inventories rose 0.6% in April as sales increased, the Commerce Department said Friday.
The inventories gain followed a 0.3% increase in March. Sales climbed 1.1%, following a 0.4% gain the previous month.
Durable goods stockpiles rose 1.1% and non-durables dipped 0.1%.
The increase surpassed economists’ projections of a 0.4% gain, Bloomberg reported.
Wholesale inventories account for about a fourth of total business stockpiles, while retailers and factories account for the rest.
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