Marketplace   Menu Guide   Complete Pages      
butler eagle
Site last updated: Thursday, April 24, 2014 Bookmark our site!
Local PennsylvaniaNationalInternationalNews Extras  
Published: April 11, 2013 print this article Print save this article Save email this article Email ENLARGE TEXT increase font decrease font

Business report forecasts weak spending



WASHINGTON — U.S. companies restocked their shelves at a much slower pace in February than January, a sign they expected consumer and business spending to weaken.
Business stockpiles increased only 0.1 percent in February, the Commerce Department said today. That’s the smallest gain since June and down from a 0.9 percent increase in January, which was revised slightly lower.
Total business sales rose at a healthy 1.2 percent pace in February, mostly because retail sales grew. But a separate report today showed retail sales fell 0.4 percent in March.
Restocking helps drive economic growth. When companies order more goods, factory output increases.
Economists had expected a bigger gain in stockpiles in February, so the lackluster increase could lead some to pare back their economic growth forecasts for the January-March quarter.





Back
Comments
Order Photos!
 
MORE NEWS HEADLINES
arrow 3 vehicle collision on I-79 causes injuries
arrow Glade Run will be back in 2017
arrow Cause of death ruled
arrow Pay by phone parking may come to city
 
MOST READ ARTICLES
arrow Mom, dad see different
arrow POLICE REPORTS
arrow Body of woman recovered in pond
arrow Woman missing in pond