The stocks of American companies recorded an average rise in September in a sign that companies are starting to become more cautious in their requests than goods, with a decline in demand due to the high cost of borrowing.
The US Department of Commerce said today, Wednesday, that companies’ stocks increased 0. 4% after increasing 0. 9% in August, and stocks an important clause in GDP, and economists expected a poll conducted by Reuters to increase the stocks by 0. 5%.
On an annual basis, stocks increased 17. 8% in September, and retail stocks increased 0. 4% in September, with estimates in a report published last month. The increase came in the aftermath of 1. 4% growth in August.
The surplus goods accumulated among the retail companies due to the improvement of supply chains and the slowdown in the demand for goods in light of the high interest rates, in addition to the transformation of spending again to services.
Some were forced to provide discounts on prices and refrain from making more goods for goods until unwanted stocks run out.
Car stocks rose 1. 9%, according to estimates last month, and 3. 6% increased in August, and retailers’ stocks decreased by excluding cars, which is included in the gross domestic product account, 0. 1% walking with the estimates of last month..
About Author
