March US business inventories +0.2% vs +0.1% expected

March US business inventories
– was +0.3%
– Sales 0.0% vs +0.2% prior
– Inventory-to-sales ratio unchanged at 1.35
Retail inventories were a driver as they rose 0.5%, led by the automotive sector. On net it adds a risk of an upward revision to Q1 GDP but the opposite for Q2.