Inventories in U.S. Increase at Slowest Pace of Year
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Inventories in the U.S. rose 0.1 percent in May, the smallest gain this year, signaling companies are preparing for weaker sales in coming months.
The increase in the value of stockpiles was smaller than the median forecast of economists surveyed by Bloomberg News and followed a 0.4 percent advance the prior month, data from the Commerce Department showed today. Sales fell 0.9 percent, the biggest drop since March 2009.