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U.S. wholesale inventories surge in May as businesses rush to keep up with strong sales

From marketwatch.com

Inventories at U.S. wholesalers rose a sharp 1.3% in May as businesses rushed to keep up with a flood of demand for their goods and services. The recovering economy has spurred customers to snap up cars, appliances electronics and many other goods. They are also taking vacations again and going out to eat more. Wholesale sales rose 0.8% in May and they are up a whopping 37% over the past year. Most companies have struggled to boost production as much as they would like, however, due to shortages of supplies and labor. These conditions are expected to ease as the economy returns to normal, but the problems could last ... (full story)

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  • Category: Low Impact Breaking News