Improvement in U.S. economy
fN Z.P.A.-Reuter—Copyright) WASHINGTON, April 15. A record drop in stocks held by retailers and wholesalers, notably in the motor-vehicle industry, is clearing the way for a possible economic recovery in the United States.
The Department of Commerce reports that manufacturing and trade inventories I held by the two groups fell by a record SUSI49Om in ; February to $U5270,355m, ’ after allowing for seasonal , influences. ! In January there was a ’ small, SUSI4Bm rise in;
stocks, and the February fall was the first since one of SUS67m in May, 1970. Both private and Administration economists agree that American businessmen have to reduce their stocks of all forms of manufactured product's before the long-sought-after economic upturn can begin. The Department of Commerce reports that stocks held by car retailers fell by SUSISS4m, or about 9 per cent, to 5U516,273m in Feb-1 ruary.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19750416.2.149
Bibliographic details
Press, Volume CXV, Issue 33819, 16 April 1975, Page 21
Word Count
142Improvement in U.S. economy Press, Volume CXV, Issue 33819, 16 April 1975, Page 21
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in