WASHINGTON (MarketWatch) -- U.S. wholesale inventories gained 0.6% to a seasonally adjusted $483.5 billion in April
, the Commerce Department reported Friday. That's a gain of 8.2% from year-ago levels, while March's estimate was marginally revised higher by $0.1 billion. The ratio of inventories to sales grew to 1.17 from 1.15. Rising inventories are generally considered a positive signal, as it shows businesses stocking items in anticipation of demand.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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