Wholesale U.S. inventories decline 0.2% in Novmber

Inventories at U.S. businesses fell 0.2% in November while wholesale sales climbed 1.9% on a seasonally adjusted basis, the government reported Tuesday. The inventory-to-sales ratio fell to 1.15 from 1.17, the Commerce Department said. The monthly inventories report seldom moves financial markets, mostly because many of the numbers have been previously reported, but economists find the data useful to project quarterly growth.

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- Posted: 2011-01-11 10:30:58

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