Recent indicators suggest that the inventory adjustment process may have largely run its course in the motor vehicle sector, but remaining imbalances in some other industries may continue to impose some restraint on industrial production for a time.

NPR: Bernanke: U.S. Growth 'Moderate' as Inflation Rises

Firms increased their stock levels after having run them down in the previous quarter: the adjustment added 1.3 percentage points to GDP growth.

ECONOMIST: Overview