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Post by bot on Jan 9, 2015 17:46:13 GMT -5
U.S. wholesale inventories up 0.8% in November
WASHINGTON (MarketWatch) -- U.S. wholesale inventories rose 0.8% in November, compared with a consensus forecast of 0.4% growth from economists polled by Dow Jones Newswires, according to U.S. Commerce Department data released Friday. Inventories of durable goods, such as autos and machinery, increased 0.8%. Meanwhile, inventories of nondurable goods rose 0.7%. Wholesale sales fell 0.3% in November, following no change in October. At November's sales pace, the inventory-to-sales ratio ticked up to 1.21 from 1.2. For October inventory growth was revised to 0.6% from a prior estimate of 0.4%.
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