Wednesday, May 27th21.3°C
26329
25998

US businesses boost stockpiles 0.6 per cent in April, largest gain in 6 months as sales rise

WASHINGTON - U.S. businesses increased their stockpiles in April by the largest amount in six months, signalling business optimism that future demand will keep rising.

The Commerce Department says business stockpiles rose 0.6 per cent after a 0.4 per cent March gain. It marked the 11th consecutive increase in inventories and was the biggest advance since last October. Total business sales were up a solid 0.7 per cent in April after a 1.1 per cent rise in March, which had been the biggest monthly sales increase in 10 months.

The solid sales gains are expected to prompt businesses to keep ordering more goods to restock their shelves. That rising demand will help boost factory production and foster stronger overall economic growth. A strong rebound in growth is expected in the April-June quarter.

The Canadian Press


Read more Business News

24947


Recent Trending




Today's Market
S&P TSX15107.80+56.99
S&P CDNX691.19-0.77
DJIA18186.07+144.53
Nasdaq5106.59+73.84
S&P 5002123.48+19.28
CDN Dollar0.8026-0.0016
Gold1187.40-16.90
Oil58.31-0.70
Lumber273.50-2.70
Natural Gas2.825+0.003

 
Okanagan Companies
Pacific Safety0.135-0.005
Knighthawk0.010.00
QHR Technologies Inc1.50-0.01
Cantex0.03-0.01
Anavex Life Sciences0.402-0.030
Metalex Ventures0.08-0.01
Russel Metals25.51+0.30
Copper Mountain Mining1.27-0.01
Colorado Resources0.11+0.01
ReliaBrand Inc0.014+0.006
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.155+0.005
Decisive Dividend Corporation2.10+0.16

 



26416

FEATURED Property
2215843Bridgeman Road
$1,884,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...

_



26418




Member of BC Press Council


25690