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Wholesale inventories increase, small-business optimism rises
Published:
June 10, 2015 The U.S. Commerce Department released data on June 9 that indicated U.S. wholesale inventories rose 0.4 percent in April, twice the 0.2 percent that had been expected. Inventories of durable goods, including autos, were up 0.1 percent; nondurable goods climbed .8 percent. Wholesale sales rebounded from a 0.3 percent drop in March to rise 1.6 percent in April. At the April sales pace, the inventory-to-sales ratio settled from 1.3 to 1.29.
In May, the National Federation of Independent Business said its Index of Small Business Optimism increased 1.4 points to 98.3, slightly above its historic average of 98 points. |
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