Share “US businesses boosted stockpiles 0.4 pct....”

US businesses boosted stockpiles 0.4 pct. in March

Published on NewsOK Modified: May 13, 2014 at 9:05 am •  Published: May 13, 2014
Advertisement

WASHINGTON (AP) — U.S. businesses increased their stockpiles in March, and sales increased by the largest amount in 10 months.

The Commerce Department says stockpiles rose 0.4 percent after a 0.5 percent rise in February. Sales in March jumped 1 percent, the largest advance since May, after a 0.9 percent February increase.

Both months represented a solid rebound after a 0.9 percent sales decline in January that was blamed in part on the harsh winter weather.

The two months of sizable gains in sales should encourage businesses to keep restocking their shelves to meet rising demand. That would mean increased orders to factories and rising production, which would lead to stronger economic growth.

Many economists expect growth to rebound significantly in the second quarter after slowing sharply in the first quarter.


AROUND THE WEB

  1. 1
    Two arrested in fatal shooting of woman found dead in Camaro at Tulsa intersection
  2. 2
    Your guide to fall festivals in Oklahoma
  3. 3
    Serge Ibaka makes SI.com's Top 25 NBA players
  4. 4
    7 perfect fall foliage drives for taking in the scenery
  5. 5
    EW: Texas football shines bright in exclusive 'My All American' trailer
+ show more

FEATURED JOBS



× Trending politics Article