Business Inventories in U.S. Rose More Than Forecast in January
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Businesses in the U.S. increased inventories in January at a faster pace than projected, led by the biggest jump in automobile stockpiles in more than a year.
The 0.7 percent rise followed a revised 0.6 percent advance the prior month that was larger than previously reported, Commerce Department data showed today in Washington. The median projection in a Bloomberg News survey called for a 0.5 percent gain. Sales climbed 0.4 percent.