US inventories cast cloud on second-half growth
Robust restocking by businesses has not been matched by strong sales growth, leaving the inventory-to-sales ratio at a near six-year high
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
EFFORTS by US businesses to whittle down a huge inventory stockpile could weigh on production over the second half of the year and undercut economic growth.
Business inventories have increased by more than US$100 billion in each of the last two quarters, a record back-to-back increase.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
