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IronLionZion

(45,380 posts)
Tue Jun 10, 2014, 02:39 PM Jun 2014

U.S. wholesale inventories rise solidly, may boost second-quarter GDP


(Reuters) - U.S. wholesale inventories rose more than expected in April, which bolsters views of a sharp acceleration in economic growth in the second quarter.

The Commerce Department said on Tuesday wholesale inventories increased 1.1 percent after advancing by the same margin in March. The rise outstripped economists' expectations for only a 0.5 percent gain.

Inventories are a key component of gross domestic product changes. The component that goes into the calculation of GDP - wholesale stocks excluding autos - increased 1.1 percent.

A sharp slowdown in the pace of restocking by businesses helped to sink economic growth in the first quarter, but a swing in inventories is expected in the April-June period.

http://in.reuters.com/article/2014/06/10/idINLNSAHEAHC20140610



Hopefully things are improving.

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U.S. wholesale inventories rise solidly, may boost second-quarter GDP (Original Post) IronLionZion Jun 2014 OP
We had a really cold winter. House of Roberts Jun 2014 #1
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