U.S. Business Inventories Drop 0.2% In April

By Jeffry BartashMarketsMarketWatch Pulse

U.S. business inventories fell 0.2% in April, the government said Wednesday. The inventory-to-sales ratio, an indication of demand, was unchanged at 1.37 months. At April's sales pace, that's how long it would take for businesses to clear their shelves.

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