Inventories continue to accumulate Inventories rose1.4% to$60.2billion in May, breaking the$60billion mark for the first time since July2003. All three stages of fabrication of inventories contributed to the rise. Improved confidence in the economy saw manufacturers boost raw material inventories to$26.1billion (+1.4%), following solid increases in March (+1.0%) and April (+1.3%). Goods-in-process inventories rose by1.6%, the second increase in a row, while inventories of finished ...
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