US firms increase inventories, see sales jump in December
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WASHINGTON — U.S. businesses stockpiled more goods in December and posted the biggest sales increase in nearly six years.
The Commerce Department says that business inventories rose a seasonally adjusted 0.4
Companies also reported a 2
Manufacturers reported that sales rose 2.2
U.S. economic growth was hobbled much of last year by inventory cutbacks. But businesses rebuilt stockpiles in the October-December period, accounting for more than half of fourth-quarter economic growth.