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Stockpiles at U.S. Companies Fall to Four-Year Low

from Bloomberg

Inventories at U.S. businesses fell in September to the lowest level in almost four years, signaling orders will rise in coming months as spending picks up. The 0.4 percent decrease in stockpiles was smaller than anticipated and brought the value of goods on hand down to $1.3 trillion, the fewest since November 2005, figures from the Commerce Department showed recently in Washington. Sales decreased 0.3 percent, reflecting a slump in demand for autos that was reversed in October. more

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