US wholesale inventories fall 0.4% in March

By Ovunc Kutlu

ISTANBUL (AA) - Wholesale inventories in the US decreased 0.4% in March, compared to the previous month, according to Commerce Department figures released Wednesday.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, stood at $894.7 billion.

The figure for February was revised to a gain of 0.2% for $898.7 billion, from an increase of 0.5%, the agency said in a statement.

Annually, wholesale inventories in March were down 2.3%, compared to the same month in 2023.