Wholesale Inventories Rose 0.5% in October
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From Bloomberg News
U.S. wholesale inventories rose 0.5% in October, the biggest increase this year, as companies tried to keep enough goods on hand to meet improving sales.
Stockpiles jumped to $291.2 billion for the month after rising 0.3% in September, marking the first back-to-back increase since February-March, the Commerce Department said. Sales increased 2% in October, the most since May 1999, after a 1% rise.
From Bloomberg News
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