Business Inventories, Sales Rise
usiness inventories rose 0.4% in January, and business sales rose by 1.3%, the Commerce Department said Tuesday.
The sales gain followed a 1.4% rise in December, while inventories followed a 0.8% rise, Commerce reported.
Economists expected inventories to rise 0.3%, Bloomberg reported.
Inventories at retailers rose 0.5%, following a 0.8% increase the previous month, Commerce said. Sales rose 2.9%, the most since October 2001.
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