×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: US | Business | Inventories

Business Inventories Post Biggest Jump in Nearly Two Years

Wednesday, 14 April 2010 10:07 AM

Businesses increased their stockpiles for the second straight month in February, a positive sign that they expect further sales gains.

The Commerce Department says business inventories rose 0.5 percent after increasing by an upwardly revised 0.2 percent in January. That's above analysts' expectations of a 0.4 percent gain, according to Thomson Reuters.

That's also the largest jump since July 2008, before the financial crisis intensified.

Factories, retailers and wholesalers slashed inventories during the recession as sales plummeted. Economists are now hoping sustained gains in sales will persuade businesses to rebuild their stockpiles, triggering increased factory production and providing support for the fledgling recovery.

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 This material may not be published, broadcast, rewritten or redistributed.


FinanceNews
Businesses increased their stockpiles for the second straight month in February, a positive sign that they expect further sales gains. The Commerce Department says business inventories rose 0.5 percent after increasing by an upwardly revised 0.2 percent in January. That's...
US,Business,Inventories
103
2010-07-14
Wednesday, 14 April 2010 10:07 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved