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U.S. business inventories flat in March

The Commerce Department reported on Wednesday that business inventories were flat m-o-m in March, following an unrevised 0.3 percent m-o-m increase in February.

That was in line with economists’ forecast.

According to the report, inventories at manufacturers rose 0.4 percent m-o-m in March, while stocks at retailers and wholesalers dropped by a respective 0.3 percent m-o-m and 0.1 percent m-o-m.

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