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U.S. wholesalers slow restocking as sales weaken

Published July 10, 2014 11:35 am
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Washington • U.S. wholesale stockpiles rose in May at the weakest pace in five months as companies kept their supplies in line with slower sales.

The Commerce Department says wholesale stockpiles grew 0.5 percent in May, down from a 1 percent surge in April. Big gains in inventories of autos, lumber and metals drove the increase.

Sales at the wholesale level, meanwhile, rose 0.7 percent, down from 1.3 percent in April. Auto sales jumped 1.1 percent while sales of computers and electrical equipment fell.



The slower pace of sales and restocking suggests that consumer and business demand weakened a bit in May. But the figures also show that companies aren't building up large stockpiles, which can leave them with unsold goods if sales slow further.

 

 

 

 

 

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