WASHINGTON — Stockpiles held by U.S. wholesale companies rose in April at the fastest pace in 10 months, while sales climbed by the largest amount in a year.
The Commerce Department says wholesale inventories increased 0.6
Sales at the wholesale level rose 1
A slowdown in restocking inventories has dragged economic growth, but economists believe the inventory correction will soon end. The big rise in April inventories could be a sign that process has started.