July wholesale figures signal economic growth in current quarter; inventories dip, sales grow
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September 11, 2009
July wholesale figures point to economic growth
WASHINGTON — Businesses reduced inventories at the wholesale level for a record 11th consecutive month in July, although sales rose by the largest amount in more than a year, sparking hope for better days ahead.
Economists expect that some modest restocking triggered by the higher sales helped boost the economy [...]
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