Business Inventories Up, Sales Dip in June
From Associated Press
WASHINGTON —
Business inventories rose 0.4% in June as business sales fell 0.3%, the government said Monday. Analysts said the report was in line with the economic “soft landing” sought by the Federal Reserve Board--slow but continued growth with low inflation.
Inventories often rise during slow economic growth as production exceeds demand, a process that sometimes leads to a loss of jobs as businesses cut their output.
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