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Updated:
12/11/2009 11:00:00 AM
Business Inventories Rise for First Time in a Year
Business inventories rose in October for the first time in a year, the Commerce Department said Friday.
The 0.2% uptick left followed a revised 0.5% decline in September. The consecutive downturns since August of last year was the biggest such run since 2002.
Sales rose 1.1%. Economists had forecast a 0.2% downturn in inventories, Bloomberg reported.
When sales are growing, it usually means trucking is seeing additional demand to deliver goods and restock shelves.
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