Share “News Summary: US wholesale stockpiles up”

News Summary: US wholesale stockpiles up

Published on NewsOK Modified: December 11, 2012 at 5:07 pm •  Published: December 11, 2012

INVENTORIES UP: U.S. wholesale businesses increased their stockpiles by 0.6 percent in October to $497.1 billion. That is nearly 30 percent higher than the low hit in September 2009 as the country was struggling to emerge from a deep recession.

SALES DOWN: Sales at the wholesale level fell 1.2 percent in October, providing a mixed sign about the economy.

OUTLOOK: More restocking leads to more factory production, which boosts economic growth. But the slower sales in October could force companies to cut back on restocking in coming months.


  1. 1
    'Cousin Eddie' actor detained in Montreal
  2. 2
    Former Thunder guard Eric Maynor tears ACL...again
  3. 3
    11 haunted hotels that you can stay in for the spookiest Halloween
  4. 4
    NHL acknowledges drug problem among players
  5. 5
    Oklahoma basketball: Buddy Hield picked as first-team preseason All-American
+ show more


× Trending business Article