Business inventories rise 0.4 percent in March

WASHINGTON - May 14, 2010

The Commerce Department says that businesses increased inventories by 0.4 percent in March, matching expectations. Total business sales rose 2.3 percent, the best showing in four months and the sixth straight gain in sales.

The hope is that sustained increases in demand will encourage businesses to step up orders and restock depleted shelves, giving a boost to factories and prompting them to rehire workers.

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