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Industry rebuilds stock inventory gains point to strength
U S industry began rebuilding inventory stockpiles in January, with manufacturers driving a 1.1 percent overall rise and a $4.5 billion added in goods and materials. Commerce economist William Cox described the gain as a sign of economic strength and confidence, noting it signals potential increases in industrial production despite high rates. The inventory-to-sales ratio fell to 1.36, the lowest on record, as sales rose 1.9 percent in January and 1.1 percent in December.
MENTIONED IN THIS ARTICLE
Robert Farlow
Associated Press
Washington
U.S
William Cox
Sophie Ee Ae
Sophie Ee Ae Sounaipeaies
Cox