So, we’re celebrating meaningless numbers while ignoring meaningful numbers ……
Great news!!!!
US businesses rebuild stockpiles at steady pace
WASHINGTON (AP) — U.S. companies restocked their store shelves and warehouses at a steady pace in May, a sign they expect sales will remain solid in the months ahead.
Business stockpiles rose 0.5 percent in May, the Commerce Department said Tuesday. That was down slightly from a 0.6 percent gain in the previous month. April’s increase was the highest in six months. Total business sales rose 0.4 percent, much lower than April’s 0.8
Yeh …..
You have to read on to see the pertinent figures.
Let me reword this paragraph into something comprehensible.
The stockpiles of the US manufacturers rose by 0.8%. They make wholesale goods. The wholesale sellers’ inventories only rose by 0.5%. Those would be the people who sell to the retailers. The retailers’ inventories only rose by 0.2%.
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The Delinquent Teenager
Climate Ponderings 