Wholesale Companies Boosted Inventories In March
by Christopher S. Rugaber
WASHINGTON (AP) - Wholesale companies increased their stockpiles for the 15th straight month in March, a sign they expect future sales gains.
Supply levels at warehouses rose 1.1 percent in March, the Commerce Department said Tuesday. Sales among wholesalers increased 2.9 percent and have risen in eight of the last nine months.
Wholesale inventories are at the highest level since November 2008. They have increased 15.5 percent from September 2009, the low point since the recession. Sales are at their highest level since June 2008.
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