USA: business inventories down 0.1% in March
Inventories of furniture, appliances, food, beverages and apparel fell in particular, according to the statistics.
Compared with March 2023, inventories were up by 0.7%.
Given that business sales were also down by 0.1% in March, the inventory-to-sales ratio - i.e., the time in months to clear inventories - was unchanged at 1.37 month-on-month.
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