Tags: Business Inventories | Stockpile | Economy | Growth

Stalled Business Inventories Might Foreshadow Weaker Economic Growth

Wednesday, 15 Oct 2014 10:05 AM

U.S. business inventories rose less than expected in August, which might lead economists to lower forecasts for economic growth in the third quarter.

The Commerce Department said on Wednesday inventories increased 0.2 percent, the smallest rise since June 2013.

Economists polled by Reuters had forecast inventories, which are a key component of gross domestic product changes, climbing 0.4 percent.

Retail inventories excluding autos, which go into the calculation of GDP, were flat in August.

Business sales fell 0.4 percent during the month, and at August's sales pace, it would take 1.29 months for businesses to clear shelves, unchanged from July.

© 2017 Thomson/Reuters. All rights reserved.

 
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Economy
U.S. business inventories rose less than expected in August, which might lead economists to lower forecasts for economic growth in the third quarter.
Business Inventories, Stockpile, Economy, Growth
100
2014-05-15
Wednesday, 15 Oct 2014 10:05 AM
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