US Businesses Increased Stockpiles in June

U.S. businesses boosted their stockpiles in June by the largest amount in more than two years.

The Commerce Department says businesses increased their stockpiles by 0.8 percent in June, the biggest increase since January 2013.

Economists are hoping that strong gains in employment over the past year will help boost consumer spending in the months ahead, encouraging businesses to keep building their inventories. If consumer demand doesn’t rise, businesses could start cutting back on restocking, which would be a drag on the economy

Sales rose a modest 0.2 percent, weaker than the 0.4 percent increase in May. Sales have risen for four months after seven months of declines

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza