Investing.com – U.S. business inventories rose more-than-expected in March, official data showed on Thursday.
In a report, the U.S. Census Bureau said that wholesale inventories jumped by 1% in March, after rising by 0.7% in February, whose figure was upwardly revised from 0.5%.
Analysts had expected U.S. wholesale inventories to rise by 0.8% in March.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD edging 0.12% lower to hit 1.4174.
Meanwhile, U.S. equity markets were down after the open. The Dow Jones Industrial Average slumped 0.65%, the S&P 500 index fell 0.6%, while the Nasdaq Composite index shed 0.55%.
In a report, the U.S. Census Bureau said that wholesale inventories jumped by 1% in March, after rising by 0.7% in February, whose figure was upwardly revised from 0.5%.
Analysts had expected U.S. wholesale inventories to rise by 0.8% in March.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD edging 0.12% lower to hit 1.4174.
Meanwhile, U.S. equity markets were down after the open. The Dow Jones Industrial Average slumped 0.65%, the S&P 500 index fell 0.6%, while the Nasdaq Composite index shed 0.55%.