Saturday, August 1st29.7°C
26264
26096

US wholesale inventories grow at modest pace in June for 2nd month, as sales slow

WASHINGTON - U.S. wholesalers restocked their warehouses at a modest pace in June for a second straight month, a sign they anticipate slower growth ahead.

The Commerce Department says wholesale inventories rose 0.3 per cent, the same as the previous month. May's inventory gain was revised down from 0.5 per cent.

The slowdown in restocking likely reflects weaker wholesale sales. Sales grew just 0.2 per cent in June, down from 0.7 per cent in May.

Still, the report suggests that inventory levels are roughly in line with sales. That means wholesalers likely haven't gone too far in restocking their goods. As a result, they probably won't have to slow restocking in the coming months.

Slower rebuilding of inventories can drag on growth. That's because it means fewer orders for factory goods.

The Canadian Press


Read more Business News

26873


Recent Trending




Today's Market
S&P TSX14468.44+85.68
S&P CDNX594.31+6.01
DJIA17689.86-56.12
Nasdaq5128.28-0.50
S&P 5002103.84-4.79
CDN Dollar0.7640-0.0052
Gold1096.90+0.60
Oil47.22-1.69
Lumber252.30+0.50
Natural Gas2.883+0.062

 
Okanagan Companies
Pacific Safety0.17-0.01
Knighthawk0.010.00
QHR Technologies Inc1.42+0.00
Cantex0.035-0.005
Anavex Life Sciences0.9101+0.1101
Metalex Ventures0.05+0.00
Russel Metals19.40-0.05
Copper Mountain Mining0.79+0.01
Colorado Resources0.065+0.005
ReliaBrand Inc0.0049+0.0004
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.095-0.045
Decisive Dividend Corp2.55+0.05

 





FEATURED Property
23506121087 rockcliffe rd
4 bedrooms 3 baths
$389,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_



26376




Member of BC Press Council


26916