Monday, July 15, 2013

Business inventories barely rise in May

WASHINGTON (Reuters) - Business inventories rose marginally in May as sales rebounded, adding to a raft of data that have pointed to a sharp slowdown in economic growth in the second quarter. The Commerce Department said on Monday inventories edged up 0.1 percent after rising by a revised 0.2 percent in April. Economists polled by Reuters had forecast inventories unchanged in May after a ...

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