U.S. Wholesale Inventories Rise More Than Forecast
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Inventories at U.S. wholesalers rose more than forecast in December as distributors tried to keep up with improving sales.
The 1 percent increase in stockpiles compared with a 0.7 percent gain median forecast in the Bloomberg News survey and followed an unchanged reading in November, Commerce Department figures showed today in Washington. Sales grew 0.4 percent to $371.5 billion, the highest level since August 2008.