U.S. businesses boosted their stockpiles at a steady pace in February, pointing to optimism about future sales.
U.S. businesses boosted their stockpiles at a steady pace in February, pointing to optimism about future sales.
The Commerce Department said Monday that business stockpiles rose a seasonally adjusted 0.6 percent. That’s below January’s upwardly revised gain of 0.8 percent.
The increase pushed stockpiles to $1.58 trillion. That’s nearly 20 percent above the recent low hit in September 2009, just after the recession ended.
Read more at OregonLive.com.
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