Most Active Stories
- Michigan legislators join national push for Constitutional Convention
- A hunt gone wrong: One man's story of survival in the Alaskan wilderness
- DOWNTON ABBEY Special Preview Screening!
- Book Review: Mitch Albom's 'The First Phone Call from Heaven'
- WATCH NOW: East Lansing boys basketball coach Steve Finamore
Thu June 11, 2009
Businesses cut inventories 1.1 percent in April
WASHINGTON – WASHINGTON (AP) - Businesses reduced their inventories more than expected in April as they worked to get stockpiles more in line with falling sales.
The Commerce Department says businesses cut inventories 1.1 percent in April, a bit more than the 1 percent drop economists expected. The government also revised the March figure to a drop of 1.3 percent, compared with the 1 percent decline originally
Inventories have fallen for eight straight months, the longest stretch since there were 15 straight declines in 2001-2002, a period that covered the last recession.