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Tag Archives: inventory

Wholesale stockpiles up in July but sales fell

WASHINGTON — U.S. wholesalers increased their stockpiles in July from June, but sales fell for a third straight month. Declining sales could force companies to cut inventories in coming months, a troubling sign that economic growth could weaken. The Commerce ...

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Pending home sales at highest level in 2 years

WASHINGTON — Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests consumers are gaining confidence in the housing market and a modest recovery will continue. The National Association ...

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Foreclosures squeeze U.S. home prices, sales

WASHINGTON — Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak. Foreclosed homes are usually sold at steep discounts, thereby lowering average prices. And by expanding the supply of low-priced previously occupied homes, ...

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Economy grew at 2 percent rate in third quarter

WASHINGTON — The U.S. economy grew more slowly over the summer than the government had earlier estimated because businesses cut back more sharply on restocking of shelves. The Commerce Department said Tuesday that the economy expanded at an annual rate ...

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Manufacturing growth hits lowest level in 2 years

WASHINGTON — Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer. The Institute for Supply Management, a trade group of purchasing executives, said Monday that its index of manufacturing activity ...

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Inventories and sales both gain in February

WASHINGTON — Businesses added to their stockpiles for a 14th straight month in February while sales increased for an eighth consecutive month, signs that factories expect to see rising demand in coming months. The Commerce Department says business inventories rose ...

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