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US Dec business inventories rise less than expected

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US business inventories rose less than expected in December, supporting views that fourth-quarter growth was slower than initially thought.

Washington

US business inventories rose less than expected in December, supporting views that fourth-quarter growth was slower than initially thought.

The Commerce Department said on Thursday that business inventories nudged up 0.1 per cent after an unrevised 0.2 per cent increase

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