Inventories Up Slightly: Business inventories inched upward...
From Times Staff and Wire Service Reports
Inventories Up Slightly: Business inventories inched upward 0.1% in April to a seasonally adjusted $794.46 billion, while sales fell 1.1% to a seasonally adjusted $533.04 billion, the Commerce Department said. One analyst said inventories are keeping in line with sales, and their slight increase in April “does not lead to any recessionary outlook.” Retailers had the biggest increase in inventories, up 0.3%, followed by a 0.1% gain in the manufacturing sector. Wholesalers’ inventories on the other hand, dropped 0.2%.
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