Wholesale inventories rose 1 percent in December

 

Published: February 9, 2012

WASHINGTON (AP) — Wholesale businesses increased their stockpiles sharply in December although the gains are expected to slow in coming months, a development that could curb overall economic growth.

The Commerce Department said Thursday that wholesale businesses boosted inventories by 1 percent in December after no increase in November. The rise came as sales rose 1.3 percent, the best showing in nine months and...


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