13 Jul 2001 Foreign Buyers Continue to Support Our Markets
Posted at 14:16h in The Friday BriefEconomic News: Mostly good news this week pointing to continued recovery in the economy Wholesale inventories in the U.S. increased 0.2% in May to $302.62 billion on the largest monthly increase since November, the Commerce Department said Tuesday. A consensus of analysts had projected a 0.1% increase. Manufacturers are pushing the inventories from their shelves to those of wholesalers through “good deals”. Meanwhile, wholesale sales slipped 0.1% from April to $229.82 billion. Analysts had expected a 0.3% increase for the month.