Investing.com - U.S. business inventories rose in line with expectations in April, official data showed on Thursday.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.3% in April, in line with expectations.
Business inventories in March were revised to a 0.1% decline from a previously reported flat reading.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.26% to trade at 1.3301.
Meanwhile, U.S. equity markets were modestly higher after the open. The Dow Jones Industrial Average added 0.1%, the S&P 500 index eased up 0.1%, while the Nasdaq Composite index was little changed.
In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.3% in April, in line with expectations.
Business inventories in March were revised to a 0.1% decline from a previously reported flat reading.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.26% to trade at 1.3301.
Meanwhile, U.S. equity markets were modestly higher after the open. The Dow Jones Industrial Average added 0.1%, the S&P 500 index eased up 0.1%, while the Nasdaq Composite index was little changed.