Business Inventories Rise for First Time in a Year

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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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