Inventories in U.S. Rise at Fastest Pace in Two Years
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Inventories at U.S. businesses rose in July at the fastest pace in two years as companies stocked up ahead of a back-to-school sales season that proved to be better than projected.
The 1 percent increase in the value of stockpiles was the biggest since July 2008 and followed a revised 0.5 percent rise in June, the Commerce Department said today in Washington. Sales climbed 0.7 percent after decreasing 0.5 percent.