US business inventories rose 0.2%
- Prior month -0.1%
- Business inventories for April 0.2% versus 0.2% expected. This is 1st positive number for this year
- Retail inventories -0.2% versus -0.1% last month
- inventory to sales ratio 1.4 months unchanged from March
- business sales +0.1% versus March -1.5% (revised from -1.1%)
Building inventories adds to GDP