U.S. business inventories flat in March
WASHINGTON - Business inventories in the U.S. were flat in March, the Commerce Department said Wednesday. Sales jumped 1.6% in the month. The ratio of inventories to sales, meanwhile, fell to 1.37 from 1.39. That's how many months it would take to sell all the inventory on hand. One year ago, the inventory-to-sales ratio was 1.36. An increase in inventories adds to gross domestic product while a decrease subtracts from it. The increase in inventories in February was unchanged at 0.3%.
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