SUBSCRIBERS
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
Published Tue, Aug 18, 2015 · 09:50 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%