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US companies restocked at slower pace in December

Published on NewsOK Modified: February 13, 2013 at 12:30 pm •  Published: February 13, 2013

SLOWER BUILDUP: U.S. companies restocked their store shelves and warehouses at a slower 0.1 percent pace in December, the smallest rise since last June and a sign of caution as sales weakened.

SLUGGISH SALES: Total sales for wholesalers, retailers and manufacturers increased only 0.3 percent, down from a 0.9 percent clip in November. Slower rebuilding of inventories means factories produced less, lowering overall economic output.

SILVER LINING: But if sales keep growing, companies may have to restock more quickly in the January-March quarter, boosting growth.