Business Inventories Climb in January, Matching Estimates

Reuters reports that business stockpiles rose 0.4 percent in January, matching forecast. Economists polled by Thomson Reuters (TRI) expected the report, which includes data on stockpiles held by wholesalers, manufacturers and retailers, to record an increase of 0.4 percent in January, versus an unrevised gain of 0.5 percent in the prior month.

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