Marketplace   Menu Guide   Complete Pages      
butler eagle
Site last updated: Tuesday, July 29, 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 Zelie sets sights on building new pool
arrow Metcalfe has funding lead over rival
arrow Kelly leads in congressional race for cash
arrow Storms cut short annual Relay for Life
 
MOST READ ARTICLES
arrow Parents group not pleased
arrow NIMBY motivations
arrow Man dies in bike accident in Lancaster Twp
arrow Drilling impacted water at 3 sites in county