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US Wholesale Stockpiles Grow 1.4% in October

from The Associated Press via Industrial Distribution

U.S. wholesale businesses boosted their stockpiles sharply in October as sales rose, encouraging signs for economic growth in the final three months of the year. Wholesale stockpiles grew 1.4% in October, the Commerce Department reported. That's nearly triple the 0.5% gain in September. Sales at the wholesale level increased 1% in October after a 0.8% gain in September. more

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