Business Inventories Rise Though Sales Decline

“The U.S. Census Bureau reported this morning that U.S. business inventories rose 0.4% month-over-month in October, inline with the consensus estimate published by Bloomberg. Trade sales and manufacturers’ shipments fell 0.4% month-over-month, but were 3.1% higher than sales in October 2011. Inventories were 5.7% higher than a year ago.”

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