U.S. Wholesale Sales Outpace Inventories

Sales at U.S. wholesalers in March increased twice as much as inventories, led by a rebound in imported automobiles, a government report showed.

Wholesale sales rose 1%, double February’s increase, the Commerce Department said. Stocks of goods at distributors increased 0.5% after a 0.3% rise. Wholesalers have a record-low 1.21 months’ supply of goods in stock at the current sales pace.