Business inventories in the U.S. rose by slightly less than expected in the month of March, according to a report released by the Commerce Department on Tuesday, although the report also showed a notable increase in business sales.
The report showed that business inventories rose by 0.3 percent in March following a 0.6 percent increase in February. Economists had expected inventories to increase by about 0.4 percent.
Meanwhile, the Commerce Department also said that business sales increased by 0.6 percent in March after climbing by 0.7 percent in the previous month.
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