Saturday, February 28th4.7°C
25355
24575

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

24153


Recent Trending




Today's Market
S&P TSX15234.34-6.82
S&P CDNX706.73+5.80
DJIA18132.70-81.72
Nasdaq4963.528-24.362
S&P 5002104.50-6.24
CDN Dollar0.7996+0.0004
Gold1203.00+6.10
Oil52.14+1.53
Lumber297.20+1.20
Natural Gas2.895-0.007

 
Okanagan Companies
Pacific Safety0.12+0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.03
Cantex0.035-0.005
Anavex Life Sciences0.190.00
Metalex Ventures0.035-0.005
Russel Metals25.38+0.08
Copper Mountain Mining1.30+0.04
Colorado Resources0.15+0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.05+0.015
Mission Ready Services0.235+0.025

 





FEATURED Property
207281324 - 18451 Cyrstal Waters Road
4 bedrooms 5 baths
$1,695,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


25207