U.S. business inventories increase 1.4% in May


U.S. business inventories rose 1.4% in May, the government said Friday. Sales rose 0.7% in the month. An increase in inventories adds to gross domestic product and is usually a sign of an expanding economy. The ratio of inventories to sales, meanwhile, edged up to 1.30 from 1.29 in April and 1.27 a year ago. That’s how many months it would take to sell all the inventory on hand.

This article was originally published by Marketwatch.com. Read the original article here.

Previous article: If Manchin and Democrats can’t work a deal on enhanced Obamacare subsidies, here are the stakes for women in a post-Roe world
Next articleTop Ten: Weekend reads: What you can do to counter high inflation


Please enter your comment!
Please enter your name here