December Wholesale Inventories Rise

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Inventories at U.S. wholesalers rose 1 percent in December, above expectations, as automotive stocks rose sharply and inventories of non-durable goods posted the largest monthly gain in nearly five years, a government report showed on Thursday.


The increase follows a revised 0.5 percent rise in November, the Commerce Department said. Wall Street economists had forecast December wholesale inventories would rise 0.4 percent after an initially reported 0.4 percent advance in November.


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