U.S. companies barely increased their stockpiles in June from May, and sales plunged by the largest amount in more than three years. Business inventories edged up a slight 0.1 percent in June after a 0.3 percent gain in May and sales fell 1.1 percent.
August 15, 2012 at 12:00 AM
1 minute read
U.S. companies barely increased their stockpiles in June from May, and sales plunged by the largest amount in more than three years.
Business inventories edged up a slight 0.1 percent in June after a 0.3 percent gain in May, the Commerce Department reported Tuesday. Sales fell 1.1 percent, the sharpest decline since March 2009 when the economy was still in recession.
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