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U.S. business inventories drop more than expected

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U.S. business inventories fell more than expected in April as the COVID-19 crisis depressed imports, suggesting inventory investment could again be a drag on economic output in the second quarter.

FILE PHOTO: A cyclist rides through the nearly empty financial district amid the coronavirus disease outbreak, in Boston, Massachusetts, U.S., May 12, 2020. REUTERS/Brian Snyder

Motor vehicle inventories dived 8.4% rather than 8.3% as previously reported. Retail inventories excluding autos, which go into the calculation of GDP, fell 1.1% as reported last month.

 

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Let the world listen your voice which has correct knowlege to gain. They must be kicked off across the world.

Duh. Idiots. Any study of history and you knew this was going to happen.

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