U.S. wholesale inventories rose more than expected in March, suggesting restocking of goods was probably less of a drag on first-quarter growth than initially thought.
The Commerce Department said on Friday wholesale inventories increased 1.1 percent after rising by an upwardly revised 0.7 percent in February.
Economists polled by Reuters had expected wholesale stocks to rise 0.5 percent in March after a previously reported 0.5 percent gain in February.
Inventories are a key component of gross domestic product changes. The component that goes into the calculation of GDP - wholesale stocks excluding autos - increased 1.0 percent in March.