News Summary: US business stockpiles rose 0.4 pct.
Posted at: 12/13/2012 5:06 PM
By The Associated Press
STOCKPILES RISE: U.S. businesses stockpiles grew 0.4 percent in October from September, the Commerce Department said. But sales fell 0.7 percent.
CUTS ON THE HORIZON: Faster restocking and falling sales suggest companies may have ordered more goods than they need. Some could respond by cutting back on orders in the coming months, which would slow factory output and economic growth.
SLOWER GROWTH: A big increase in stockpiles accelerated economic growth in the July-September quarter. Most economists say inventory growth is slowing in the final months of the year.
(Copyright 2012 by The Associated Press. All Rights Reserved.)