US wholesale inventories rise 0.2% in April

By Ovunc Kutlu

ISTANBUL (AA) - Wholesale inventories in the US increased 0.2% in April, compared to the previous month, according to Commerce Department figures released Thursday.

The figure, which measures the change in the total value of goods held in inventory by wholesalers, stood at $896.3 billion.

The figure for March was unrevised at a decline of 0.4%, which stood at $894.8 billion, the agency said in a statement.

Annually, wholesale inventories in April were down 1.6%, compared to the same month in 2023.