Wholesale Inventories Rise Less Than Estimates as Demand Surges

- Wholesale Inventories for March rose .2% versus estimates of a .5% rise and a .9% gain in February.

BOTTOM LINE: Inventories at US wholesalers increased less than forecast in March as suppliers struggled to keep pace with surging demand, Bloomberg said. Sales surged .7%. Wholesalers had enough supply on hand to last 1.16 months at March’s sales pace versus 1.17 months worth the prior month. I expect inventory rebuilding to help keep US economic growth around average levels this quarter.