INDICE DE GALERIAS
WASHINGTON (AP) — U.S. businesses increased their stockpiles in April but their sales fell for a second straight month, held back by a decline in orders to American factories.
The Commerce Department said Thursday that business stockpiles rose 0.3 percent in April from March. That followed a 0.1 percent decline in March from February.
Sales slipped 0.1 percent in April following a sharp 1.2 percent drop in March. It marked the first back-to-back sales declines in nearly a year, although the weakness was concentrated in manufacturing.
A separate Commerce report showed retail sales jumped 0.6 percent in May. The gain in a critical measure of consumer spending could prompt businesses to keep stocking their shelves.
More restocking boosts economic growth because it means companies are ordering more factory-made goods. The economy grew at a 2.4 percent annual rate from January through March, a gain boosted by stronger inventory growth.
In April, retailers increased restocking 0.4 percent to lead all categories. Manufacturing and wholesale stockpiles both grew 0.2 percent.
The April drop in sales reflected further weakness at U.S. factories. Manufacturing sales fell 0.7 percent. That offset an increase in sales at wholesale businesses. Sales at retailers in April were flat.
U.S. factories have struggled this year as weak economies abroad have slowed U.S. exports. American businesses have also reduced their pace of investment in areas such as equipment and computer software.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Captain Jim Brickson couldn't be happier right now.
As the temperature drops, we're all reminded to bundle up this winter and avoid too much exposure.
A grant aimed to combat homelessness in Iowa may not have come at a better time.
The holiday spirit is being felt in southern Minnesota.
When the temps start dropping, going outside to start your car a few minutes before you have to leave becomes a winter routine.
A local housing trust fund is receiving some grant money that will go into a new project to provide housing for people with disabilities.
The unemployment rate for the country dropped again and experts say it's reflecting locally as well.
The Kensett man faced vehicular homicide charges.