Yep, the economy and jobs sure are turning around. I love how they spin this……
WASHINGTON (Reuters) – Wholesale inventories rose in March, fueled by increased stocks of cars and machinery which have provided support for economic growth early in the year.
The Commerce Department said on Thursday wholesale inventories rose 0.4 percent, just above the median forecast in a Reuters poll for a 0.3 percent gain.
The increase in inventories could reinforce the view that the pace of economic growth picked up in the first three months of the year, bolstered by businesses restocking their shelves. In March, inventories of cars rose 1.2 percent, as did stocks of machinery.
and confounded economists’ expectations for a 0.1 percent increase.
Yeh, it’s really strange that wholesale inventory increased whiles sales decreased. Seems like every time sales decline, inventories rise……. weird.
And, while it is true that production of machinery provides for…
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