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U.S. Wholesale Inventories Rise More Than Forecast

Inventories at U.S. wholesalers rose more than twice as much as forecast in October as companies stocked up to meet the biggest sales gain in seven months.

The 1.9 percent increase in inventories followed a revised 2.1 percent rise in September that was higher than initially estimated, Commerce Department figures showed today in Washington. The median of economists surveyed by Bloomberg News projected a 0.8 percent gain. Sales jumped 2.2 percent in October, partly reflecting the biggest gain in the value of farm products since November 2009.