Economy - Friday (Investor's Business Daily)

[riky]

Economy - Friday
    (Investor's Business Daily)

 

Investor's Business Daily - Wholesalers' stockpiles shot up far more in April than the 0.5% expected, though it was likely driven by higher prices for oil and food. March inventories were revised up to a 0.1% gain vs. the initial reading of a 0.1% drop. Wholesale-level sales rose 1.4% in April -- they also were likely price-driven -- a sign that firms aren't stuck with unwanted goods. Higher inventories will boost Q2 GDP.


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