Inventories of goods at U.S. businesses rose...
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Inventories of goods at U.S. businesses rose 0.2% in April and sales fell 0.1%, the first decline since January, the Commerce Department said. The increase in inventories, the smallest since January, was in line with analysts’ expectations. The inventory-to-sales ratio, which measures the time that goods sit at wholesalers, rose to 1.36 months during April from a record low 1.35 months in March.
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