Reply #80: March wholesale inventories rise, sales surge

[xchrom]

http://www.reuters.com/article/2011/05/10/us-usa-economy-inventories-idUSTRE7493J720110510



WASHINGTON | Tue May 10, 2011 10:06am EDT

WASHINGTON (Reuters) - U.S. wholesale inventories climbed in March as businesses saw a sharp increase in sales, suggesting parts of the economy are growing firmly, according to Commerce Department data released on Tuesday.

Inventories rose 1.1 percent in the last month of the first quarter, slightly above economists' forecasts. But sales jumped 2.9 percent, more than double the median projection in a Reuters poll.