Inventory Growth Slows in February as Sales Fall
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From Bloomberg News
U.S. businesses built inventories at a slower pace in February as sales fell by the most since April 2003, suggesting that cooling demand will limit growth in factory orders.
The 0.5% increase in stockpiles held by manufacturers, retailers and wholesalers followed a 0.9% rise in January, the Commerce Department said. Sales fell 0.4%.
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