Wholesaler Sales Rise Faster Than Inventories
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WASHINGTON, July 10 (Bloomberg News) â Sales at wholesalers rose faster than inventories in May, the Commerce Department said on Tuesday, making it more likely that companies will place more orders and that factories will increase production.
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The US economy grew faster in the second quarter than previously thought as business inventories rose at the strongest rate in four years, the government said on
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The U.S. economy grew faster in the  second quarter than previously thought as business inventories  rose at the strongest rate in four years, the government said  on Wednesday, a sign the soft patch was not as soft as feared.
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NEW YORK -- The nation's factories, plants, and utilities expanded faster in June, suggesting hardy consumer spending is boosting confidence among manufacturers even as prices for raw materials rise.
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Wholesale prices climbed by 0.5 percent in November &#151; an improvement compared with the previous month's surge, but still fresh evidence that inflation is picking up as the economy gains momentum.
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Profits got a boost despite sluggish sales from the challenging environment.
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U.S. business inventories grew by more than expected in July and the previous month was revised higher, government data showed on Wednesday, delivering the strongest two-month performance in nearly five years.
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The Commerce Department reported Friday that inventories held by businesses on shelves and backlots rose by 0.5 percent in May.
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The sales numbers are encouraging as this outdoors retailer expands.
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Wholesale inflation rose last month at the fastest pace in more than 14 years, largely because of steep jumps in energy and food costs, the government reported yesterday, raising concerns that businesses may be under growing pressure to raise consumer prices.
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Inventories at U.S. wholesalers  climbed a steeper-than-expected 1.1 percent in November as  stocks increased across a wide variety of categories, including  cars and computers, a government report showed on Monday.
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Wholesale costs -- catapulted by more expensive energy and food -- soared last month by the largest amount in more than 14 years. With inflation at the producer level accelerating sharply after months of being
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Sales at retailers rose more in September than analysts estimated because of lower gas prices.
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Businesses saw inventories rise in July and sales picked up, the government reported Wednesday. The Commerce Department said that stocks of unsold goods increased 0.9% in July, down from a 1.1% rise in June.
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Wholesale prices and retail sales jumped in November and jobless claims fell last week.
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Wholesale prices shot up 3.2 percent in November, the biggest jump in 34 years, propelled by gasoline prices. Meanwhile retail sales rose by the largest amount in six months.
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OTTAWA (CP) - Wholesale sales grew for the sixth consecutive month in August, Statistics Canada says. Sales were up by 0.7 per cent from July in part because of a surge in sales of machinery and electronic equipment.