Business Inventories in U.S. Rose More Than Forecast in July
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Inventories at U.S. companies increased more than forecast in July, trailing a gain in sales that signals a pickup in factory orders.
Stockpiles rose 0.4 percent, the most in six months, after climbing a revised 0.1 percent in June, the Commerce Department reported today in Washington. The median estimate in a Bloomberg survey projected a 0.2 percent advance. Sales rose 0.6 percent in July.