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Tags: Business Inventories

Business Stockpiles Rose for 16th Month in April

Tuesday, 14 June 2011 10:17 AM

Businesses added to their stockpiles for a 16th consecutive month in April. But their sales grew at the slowest pace in 10 months, a sign that many companies could be forced to slash supply levels soon if the economy weakens further.

The Commerce Department says business supply levels grew 0.8 percent in April and sales rose for a 10th straight month. But the 0.1 percent sales increase was the smallest since sales fell 0.5 percent in June of last year.

The concern is that with the economy slowing, businesses may have miscalculated on consumer demand and could be stuck with unwanted inventories. That would trigger cutbacks in orders and cause manufacturing activity to slow.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Economy
Businesses added to their stockpiles for a 16th consecutive month in April. But their sales grew at the slowest pace in 10 months, a sign that many companies could be forced to slash supply levels soon if the economy weakens further.The Commerce Department says business...
Business Inventories
114
2011-17-14
Tuesday, 14 June 2011 10:17 AM
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