Sunday, October 17, 2010

Business inventories up 0.6 percent in August

This article talks about how businesses inventories are on the rise over the past few months. This is a good sign because a year or so ago, companies were liquidating their stock to keep cost low since no purchases were being made. Now its a good sign for the economy that they are buying back inventory, this means people and other companies are slowly starting to purchase goods again. They said the biggest gain has been seen in the retail, and whole sale markets but other business sectors were seeing growth as well. This is a good sign and hopefully it continues.

2 comments:

Scott Hellberg said...

it should be October not August

Tanvi Devidayal said...

This is a good sign as in August and September consumer confidence was shown to be very low. The increase in demand however might be due to the upcoming holiday season! With Halloween, Thanksgiving and Christmas around the corner people are buying a lot of gifts etc.