Business Inventories increased by 0.4% in April to $1, 354.3 billion, lower than the consensus estimate of a 0.6% increase. Business inventories had increased by 0.7% in March, and currently stand 2.8% less than April 2009 levels. The inventories/sales ratio was 1.23 at the end of April, compared to 1.43 recorded a year ago.

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