U.S. businesses increased their stockpiles only slightly in May, despite a solid sales increase. The figures suggest economic growth has slowed but could pick up in the second half of the year.
The Commerce Department said Monday that business stockpiles rose just 0.1 percent in May from April, half the previous month’s increase.
Sales increased 1.1 percent in May after being flat in April. That’s the best gain since February.
Slower restocking could weigh on economic growth in the April-June qu...
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