On the economic calendar, the government said inventory accumulation by businesses decreased as expected in July, reflecting caution about the economy.
22.
Conversely, the inventory accumulation may reflect pressures on firms who had brought inventories down to suboptimal levels and now need to replenish them.
23.
That was also the case for federal spending and for inventory accumulation, which is the stockpiling of newly manufactured merchandise in anticipation of sales.
24.
Inventory accumulation contributed $ 51 . 4 billion to the economy's annual output rate of $ 7 . 1 trillion during the first quarter.
25.
As a result, " I suspect we will probably see a decline in the rate of inventory accumulation " in months ahead, Kahan said.
26.
Consumers don't have the wherewithal to keep spending, government spending is going to taper off and inventory accumulation can't keep up at this pace ."
27.
A modest inventory accumulation would allay fears at the Federal Reserve that inflation is ready to erupt on the thrust of robust second quarter growth.
28.
Marilyn Schaja, an economist with Donaldson, Lufkin & Jenrette, saw the revised figure as confirming that growth during the quarter was dominated by inventory accumulation.
29.
First-quarter revisions will reflect a slower pace of inventory accumulation, weaker exports and less capital spending by businesses, according to analysts at Smith Barney Inc.
30.
In the first quarter, for example, the economy grew at a 2.7 percent annual rate, when the pace of business inventory accumulation was much faster.
