Business Inventories in U.S. Climb at Slower Pace Than Sales
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Inventories in the U.S. climbed at a slower pace than sales in September, indicating companies were heading into the disruptions caused by superstorm Sandy with little oversupply.
The 0.7 percent increase in goods on hand followed a 0.6 percent gain in August, Commerce Department data showed today in Washington. Sales at factories, wholesalers and retailers rose 1.4 percent, the biggest gain since March 2011, after advancing 0.6 percent the prior month.