Afternoon Coffee: More Business Workers Are Traveling This Year, Business Inventories Rise

Business travel is up this year thanks to cheaper gas and other factors. The Global Business Travel Association predicts a total of 492.1 million trips this year, up 2 million from last year.

Business inventories rose in February, according to the Commerce Department. Supplies increased 0.3% from January, more than expected.

US retail sales were also up in March, marking an increase for the first time in 4 months. Yet the jump of 0.9% wasn’t enough to offset weak spending during winter.

Gas spending may increase for Europeans, Russian energy company Gazprom has warned. The company said if Europe tried to set a base price for gas supplies, it will likely be higher than what they are paying now.


SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels

Share on Procurious

Discuss this:

Your email address will not be published. Required fields are marked *