India, May 15 -- The Commerce Department released a report on Thursday showing a slight increase by U.S. business inventories in the month of March.
The report said business inventories crept up by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected business inventories to rise by another 0.2 percent.
The uptick by business inventories came as wholesale inventories climbed by 0.4 percent and manufacturing inventories inched up by 0.1 percent, but retail inventories dipped by 0.2 percent.
Meanwhile, the Commerce Department said business sales grew by 0.7 percent in March after jumping by 1.0 percent in February.
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