(Reuters) - The increase in stocks on hand in May came after a 0.4
percent gain in April and will likely add to expectations on
Wall Street that the economy will see better growth in the
second quarter. Businesses held back production in the first
quarter to reduce stockpiles.
Financial markets were expecting a 0.3 percent rise in
May. In the report, retail inventories advanced by 0.6 percent
in May, the biggest gain since June of last year.
Read more at Reuters.com Economic News
percent gain in April and will likely add to expectations on
Wall Street that the economy will see better growth in the
second quarter. Businesses held back production in the first
quarter to reduce stockpiles.
Financial markets were expecting a 0.3 percent rise in
May. In the report, retail inventories advanced by 0.6 percent
in May, the biggest gain since June of last year.
Read more at Reuters.com Economic News
No comments:
Post a Comment