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Business inventories post weak gain in March email this discussion to a friend?

By MARTIN CRUTSINGER
AP Economics Writer
 
2 months ago

WASHINGTON (AP) - Businesses added to their stockpiles in March by the smallest amount in a year, another indication of a weakening economy.


The Commerce Department reported Tuesday that business inventories edged up a tiny 0.1 percent in March, the smallest advance since inventories were basically flat in March 2007.


The small rise was below the 0.4 percent increase that many economists were expecting. It indicated that businesses are holding back on adding to their stockpiles in the face of slowing demand.


If businesses get serious about restraining inventories, that would add another drag to economic growth, resulting in cutbacks in production.


The 0.1 percent rise in inventories held on shelves and backlots in March followed a much bigger 0.5 percent increase in March.


The small amount of strength in March came from a 0.9 percent gain in inventories held by manufacturers. Inventories held by retailers dropped by 0.5 percent and wholesale inventories were down 0.1 percent.



tags:  inventories
 

other economic figures

62,000 jobs lost, off nearly half-million for year

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Started in economic figures • 2 responses • Last response by  • 7 hours ago
Tags: economy
Wall Street firms reduce, banks step up Fed loans

Wall Street companies sharply scaled back their borrowing from the Federal Reserve's emergency lending program over the past week while commercial banks boosted it slightly.

Started in economic figures • 8 hours ago • 0 responses
Tags: federal reserve, credit crisis
Factory orders see 0.6 percent gain in May

Orders to U.S. factories turned in the slowest performance in three months in May as a surge in demand for commercial aircraft was not enough to offset weakness in autos, heavy machinery and steel.

Started in economic figures • 1 day ago • 0 responses
Tags: economy
Chart shows new factory orders in billions of dollars; 1c x 2 3/8 inches; 46.5 mm x 60.3 mm
Payrolls drop by 62,000; jobless rate steady

The Labor Department says payrolls dropped by 62,000 and the unemployment rate held steady at 5.5 percent. Meanwhile, the price of oil is approaching $146 a barrel for the first time.

Started in economic figures • 1 response • Last response by rmuxagirl (0) • 11 hours ago
Tags: economy, no surpise here
Jobless lines growing longer

The number of newly laid off people signing up for unemployment insurance rose sharply last week.

Started in economic figures • 17 hours ago • 0 responses
Tags: jobless claims
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