Businesses increase stockpiles

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Monday, July 16, 2012

U.S. companies added to their stockpiles in May but sales fell again.

When businesses step up restocking, they order more goods. That generally leads to increased factory production and higher economic growth.
But stockpile growth largely depends on the spending habits of U.S. consumers. Americans have reduced their spending at retail businesses for three straight months, constrained by weak job creation and paltry wage increases.

Read more at OregonLive.com.

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