Business inventories post bigger-than-expected jump in July as sales fall short of forecasts (Minneapolis-St. Paul Star Tribune)

Published on: Fri, 12 Sep 2008 14:34:48 GMT

WASHINGTON - Business inventories shot up in July by the most in four years as sales slowed. The Commerce Department says that businesses' supplies of unsold goods in warehouses and stock rooms rose by 1.1 percent in July. Economists were expecting a 0.5 percent gain. More »