By Xavier FontdegloriaU.S. business inventories continued to increase in April, though at a slower pace than in March. Business inventories rose 1.2% in April after advancing a revised 2.4% in March, according to data from the U.S. Commerce Department released Wednesday. Inventories rose by 2.2% at wholesalers, by 0.7% at retailers and by 0.6% at manufacturers, the report said. The inventory-sales ratio stood at 1.29 in April, up from 1.28 in March and from 1.26 a year earlier. Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com-0-(END) Dow Jones NewswiresJune 15, 2022 10:26 ET (14:26 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal June 15, 2022 15:45 UTC