Business Inventories Rose in March as Sales Climbed Even Faster

Businesses increased their inventories of goods 0.9 percent from the prior month to a seasonally adjusted $2.71 trillion, the Commerce Department said Thursday, a sign of confidence that the U.S. economy will continue to grow and households will keep spending.

This was the biggest monthly gain in four years. February inventories were revised to show a 0.4 percent increase. Inventories were up 2.0 percent from a year earlier.

The inventory build came alongside a larger gain in sales. The combined value of manufacturers’ shipments and trade sales rose 2.1 percent in March to $2.06 trillion and was up 7.1 percent from a year earlier.

That combinati…

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