Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Maureen Bozlinski
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
mbozlinski@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

U.S. firms boost stockpiles 0.4%

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon
Associated Press
Published:
WASHINGTON U.S. businesses added to their stockpiles at a slightly slower pace in June compared with May, possibly reflecting weaker sales in the past two months.
The Commerce Department said business stockpiles increased 0.4 percent in June on a seasonally adjusted basis after a 0.5 percent gain in May. Sales rose 0.3 percent in June, matching the May increase. Sales have slowed after rapid gains from February through April.
The sales slowdown was also evident in a separate report showing that July retail sales were flat. Most analysts say they think solid job growth will give a boost to consumer spending and the economy in coming months. Many foresee an annual economic growth rate of around 3 percent in the second half of this year.
Story tags » Retail

MORE HBJ HEADLINES

CALENDAR

Market roundup