Economic Buzz: US Wholesale Inventories Rise Substantially In March

10 May 2022 , 09:12 AM

Wholesale inventories in the US showed another substantial increase in the month of March, according to a report released by the Commerce Department. The report showed wholesale inventories shot up by 2.3 percent in February after surging by an upwardly revised 2.8 percent in February. The sharp increase in wholesale inventories came as inventories of durable goods and non-durable goods jumped by 2.2 percent and 2.6 percent, respectively. Wholesales also advanced by 1.7 percent in March after climbing by 1.5 percent in the previous month. With inventories and sales both surging, the inventories/sales ratio for merchant wholesalers for March came in unchanged at 1.22. Powered by Commodity Insights