U.S. business inventories rise 0.3% in April

The article was corrected for the month.

WASHINGTON (MarketWatch) - Business inventories in the U.S. rose 0.3% in April to rebound from a decline in the prior month, the Commerce Department said Thursday. Sales rose 0.4% in the month. The ratio of inventories to sales, meanwhile, was unchanged at 1.35. That's how many months it would take to sell all the inventory on hand. One year ago, the inventory-to-sales ratio was higher at 1.38. An increase in inventories adds to gross domestic product.