U.S. business inventories advance 1% in January

Source: RTT News
U.S. business inventories rose more than experts initially forecast in January led by the increase of retailers and merchant wholesalers' inventories adding 1.5% and 1.2% respectively, the Commerce Department showed in a report on Wednesday. The country's business inventories surged 1.0% in the first month of 2013 after a 0.3% gain in December.

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