US March wholesale inventories +1.4% m/m vs +0.5% expected

March preliminary wholesale inventories

• Prior was +0.6% (revised to +0.9%)
• Retail inventories -1.4% vs -0.1% expected
• Prior retail inventories 0.0% (revised to +0.1%)

It's tough to extract anything from this report and apply it to the larger economy but Q1 advance GDP is due out tomorrow and this big rise along with the revision mean that it's very likely to be stronger than expected.