ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN PROF. SKOSPLES' ECONOMIC SYSTEMS COURSE AT OHIO WESLEYAN UNIVERSITY
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.
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2 comments:
it should be October not August
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.
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