News Summary: US wholesale stockpiles up 0.3 pct.

AP News
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Posted: May 09, 2012 1:45 PM
News Summary: US wholesale stockpiles up 0.3 pct.

RESTOCKING UP: U.S. wholesalers increased their stockpiles only 0.3 percent in March after sales slowed. The gain was just one-third of the February increase.

LESS GROWTH: Growth in restocking has slowed this year from the end of last year, contributing less to economic growth in the January-March quarter.

HEALTHY RATIO: It would take 1.17 months to exhaust all wholesale stockpiles at the March sales pace. That's considered a healthy inventory-to-sales ratio and suggests businesses will keep restocking to meet demand.

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